2401 South Industrial Hwy

2401 South Industrial Hwy, Ann Arbor, MI 48104

Off-Market

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  • Property Type Industrial - Flex - Industrial
  • Property Size 31,326 SF
  • Lot Size 1.64 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1963

Location

  • Walk Score ® Somewhat Walkable (61)
  • Transit Score ® Some Transit (41)
  • Bike Score ® Very Bikeable (70)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Germantown
  • Zip Code 48104
  • Market Detroit

Points of Interest

Transportation

Ann Arbor

2.53 miles

Fuel station

Clark

1.73 miles

Ann Arbor Supercharger

1.90 miles

Shell

2.67 miles

ChargePoint

3.50 miles

Marathon

3.64 miles

BP

4.22 miles

Circle K

6.66 miles

Marathon

7.17 miles

BP

7.48 miles

BP

8.00 miles

Parking

Lot SC 16

1.12 miles

U-M Lot SC20 (Athletics Campus Grey Lot)

1.20 miles

UM Lot W10

1.72 miles

Bentley Historical Library Visitor Parking

2.77 miles

Pittsfield Preserve Nature Area Trailhead

3.02 miles

U of M Lot NC 106

3.19 miles

NC85

3.59 miles

NC84

3.66 miles

Campus Wellness Center Lot

5.30 miles

Trailhead Parking

7.94 miles

Restaurants

Toarmina's Pizza

0.96 miles

Auntie Anne's

1.10 miles

Subway

1.36 miles

Blaze Pizza

1.38 miles

Applebee's

1.48 miles

Lan City Noodle Bar

1.60 miles

McDonald's

1.84 miles

Neopapalis

1.85 miles

New York Pizza Depot

1.85 miles

Maizie's

1.88 miles

Stores

Begreen, Inc.

0.43 miles

Macy's

1.01 miles

Briarwood Mall

1.11 miles

JCPenney

1.14 miles

Von Maur

1.17 miles

Kohl's

1.67 miles

Target

1.94 miles

Target

1.99 miles

People's Food Co-op

2.26 miles

Kroger

2.28 miles

Safety

Ann Arbor Urgent Care

0.65 miles

Building 3

0.88 miles

Building 5

0.92 miles

Campus Police

1.10 miles

Fire Station 6

1.15 miles

Cook Legal Research Library

1.54 miles

Pittsfield Township Public Safety Fire Station No 3

1.66 miles

City of Ann Arbor Fire Department Station 4

1.70 miles

Rite Aid

1.71 miles

CVS Pharmacy

1.97 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 14 Sep, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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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 $81,115
  • Market Value* $2,358,200
  • Assessed Value $2,358,200

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 2401 South Industrial Hwy?

2401 South Industrial Hwy totals 31,326 square feet.

When was this property built?

2401 South Industrial Hwy was built in 1963.

When was 2401 South Industrial Hwy last sold?

2401 South Industrial Hwy was last sold on 14 Sep, 2021.

What is the property tax for 2401 South Industrial Hwy?

The property tax for 2401 South Industrial Hwy in 2022 was $81,115.

What is the market value for 2401 South Industrial Hwy?

The market value* for 2401 South Industrial Hwy in 2022 was $2,358,200.
*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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