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2025, 2051 & 2055 South State Street

Off-Market

2051 South State Street, Ann Arbor, MI 48104

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 38,310 SF
  • Lot Size 2.25 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1950

Location

  • Walk Score ® Somewhat Walkable (59)
  • Bike Score ® Very Bikeable (75)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Germantown
  • Zip Code 48104
  • Market Detroit

Points of Interest

Ann Arbor

2.16 miles

Clark

1.29 miles

Ann Arbor Supercharger

1.76 miles

Shell

2.99 miles

Shell

3.03 miles

ChargePoint

3.04 miles

Marathon

4.01 miles

BP

4.15 miles

Circle K

4.55 miles

BP

5.90 miles

Circle K

6.99 miles

U-M Lot SC14

0.99 miles

U-M Lot M45

1.72 miles

U-M P4 M22 Simpson Circle Parking Structure

1.83 miles

U-M Lot M36

1.87 miles

Bentley Historical Library Visitor Parking

2.65 miles

U of M Lot NC 56

2.93 miles

U of M Lot NC 23

2.93 miles

Green Road Park & Ride Lot

3.79 miles

Ford Lot

6.12 miles

Trailhead Parking

8.07 miles

Sushi Town

0.90 miles

Romano's Macaroni Grill

0.95 miles

DiBella's Subs

1.13 miles

Casa Dominicks

1.14 miles

Cinnabon

1.19 miles

Ahmo's

1.29 miles

The West End Grill

1.68 miles

McDonald's

1.68 miles

Wild Poke

1.73 miles

Grizzly Peak Brewing Company

1.74 miles

Begreen, Inc.

0.66 miles

Macy's

1.10 miles

JCPenney

1.20 miles

Briarwood Mall

1.21 miles

Von Maur

1.28 miles

Target

1.58 miles

Kohl's

1.59 miles

Target

1.79 miles

People's Food Co-op

1.86 miles

Kerrytown Market

1.95 miles

Campus Police

0.65 miles

Building 3

0.99 miles

Building 5

0.99 miles

Fire Station 6

1.13 miles

Cook Legal Research Library

1.18 miles

CVS Pharmacy

1.61 miles

CVS Pharmacy

1.80 miles

University of Michigan Medical Center

1.89 miles

Ann Arbor Dialysis of Davita

1.90 miles

Pittsfield Township Public Safety Fire Station No 3

1.92 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 26 Jul, 2000
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Ann Arbor

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Ann Arbor Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.44
  • 2020 Office Vacancy Rate 9.25%
  • 2020 Office Completions (SF)

Ann Arbor Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $155.98
  • Y-o-Y Avg. PpSF Change -23.34%
  • 2020 Office Sales Volume $42.5M
  • 2020 Number of Transactions 4
View more Ann Arbor market trends

Tax

  • Property Tax in 2022 $42,109
  • Base Tax $10,835
  • Current Tax $10,506
  • Market Value* $1,539,200
  • Assessed Value $1,539,200

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 2025, 2051 & 2055 South State Street?

2025, 2051 & 2055 South State Street totals 38,310 square feet.

When was this property built?

2025, 2051 & 2055 South State Street was built in 1950.

When was 2025, 2051 & 2055 South State Street last sold?

2025, 2051 & 2055 South State Street was last sold on 26 Jul, 2000.

What is the property tax for 2025, 2051 & 2055 South State Street?

The property tax for 2025, 2051 & 2055 South State Street in 2022 was $42,109.

What is the market value for 2025, 2051 & 2055 South State Street?

The market value* for 2025, 2051 & 2055 South State Street in 2022 was $1,539,200.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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