5500 South State Street

5500 South State Street, Ann Arbor, MI 48108

  • For Sale $4,100,000
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 46,356 SF
  • Units 1
  • Lot Size 4.63 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1966
  • Year Renovated 2007
  • Date Updated Jun 21, 2024
  • Dock High Doors 16
  • Grade Level Doors 1
  • Office Area 9,500 SF
  • Electricity Service 2000 A / 480 V
  • Fire Sprinklers Other
  • HVAC None
Ann ArborSVN | Stewart Commercial Group is pleased to present for sale a +/- 46,356 square foot single-tenant industrial property located at 5500 S. State, Ann Arbor, MI. The property is currently 100% occupied with a NN lease in place with tenant Adaptive Energy through 12/31/24. The current tenant has outgrown the space and will not be renewing beyond the current term. This presents a unique opportunity for an investor to enjoy steady and reliable income while a replacement tenant is secured or for a user to do the same as occupancy plans are formulated. Adaptive Energy and its predecessor companies manufacture fuel cells for industry and government use and have occupied the property since 2007. The property is located in the economically diverse community of Ann Arbor, MI which is home to the world-renowned University of Michigan. The property is located on south State Street and is just two miles to I-94, the major interstate connector between Detroit and Chicago. The location is in close proximity to major national retail and the largest concentration of hotel space in the Ann Arbor market. The property benefits from its location within one of the most highly educated populations in the Midwest. Downtown Ann Arbor is approximately 5 miles away and the City of Detroit is a mere 40 miles away. The building is situated on 4.63 acres and the parking lot and drive area were replaced in October 2018. Three of Four Roof Top Units serving the warehouse portion of the building were replaced in 2022. Two of Three HVAC units serving the office area were replaced in 2021. All lighting in the warehouse was upgraded to LED in 2019. The warehouse/manufacturing area is air-conditioned and sprinkled. The building loading area features 1 grade level overhead door and 15 loading docks, all with levelers in place.SVN Stewart Commercial Group is pleaased to present for lease ±46,356 SF Single Tenant Industrial buildlng located at 5500 S. State Rd., Ann Arbor, MI. The building is situated on 4.63 acres and the parking lot and drive area were replaced in October 2018. Three of Four Roof Top Units serving the warehouse portion of the building were replaced in 2022. Two of Three HVAC units serving the office area were replaced in 2021. All lighting in the warehouse was upgraded to LED in 2019. The warehouse/manufacturing area is air-conditioned and sprinkled. The building loading area features 1 grade level overhead door and 15 loading docks, all with levelers in place. The property is located in the economically diverse community of Ann Arbor, MI which is home to the world-renowned University of Michigan. The property is located on south State Street and is just two miles to I-94, the major interstate connector between Detroit and Chicago. The location is in close proximity to major national retail and the largest concentration of hotel space in the Ann Arbor market. The property benefits from its location within one of the most highly educated populations in the Midwest. Downtown Ann Arbor is approximately 5 miles away and the City of Detroit is a mere 40 miles away.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 46,356 SF (+/-) Building (20% +/- Office Area) on 4.63 Acres in Ann Arbor, MI
  • Fully Leased to Adaptive Energy since 2007, remaining lease term through 12/31/24
  • Excellent opportunity for an owner/user or Investor to capture NNN income through the remaining lease term
  • Located in affluent Ann Arbor, MI less than 2 miles to I-94
  • 17 Dock Doors (1 Grade Level & 16 Loading Docks, all with levelers
  • 24' Ceiling Height at Peak (20' Clear)
  • Entire Building, including shop area, has wet sprinkler protection and is 100% air conditioned
  • 2000 Amps / 480 Volts, 3-Phase Power
  • New LED Lighting throughout shop area
  • New Parking Lot & Drive Area in 2018
  • 3 of 4 Roof Top HVAC Units replaced in 2022
  • 2 of 3 HVAC Units serving the office area replaced in 2021
  • Functional Mezzanine in Shop Area (not included in SF)

Contacts

broker

Dan Stewart

SVN | Stewart Commercial Group

Location

Getting Around

  • Walk Score ®

    9/100 Car-Dependent
  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Ann Arbor Municipal Airport
  • Zip Code 48108
  • Market Detroit

Points of Interest

  • Sunoco

    1.56 miles

  • Costco Gasoline

    1.63 miles

  • Citgo

    1.83 miles

  • BP

    2.20 miles

  • Mobil

    2.22 miles

  • Valero

    2.50 miles

  • Shell

    2.50 miles

  • Citgo

    2.52 miles

  • Ann Arbor Supercharger

    2.72 miles

  • BP

    2.79 miles

  • Pittsfield Preserve Nature Area Trailhead

    1.43 miles

  • SC 43

    1.95 miles

  • U-M Lot SC34

    2.75 miles

  • State Street Park and Ride

    2.79 miles

  • Eisenhower Center Parking

    2.81 miles

  • Overflow Parking

    3.65 miles

  • U-M Lot SC7 (Crisler Center)

    3.87 miles

  • Glick

    3.88 miles

  • U-M Lot SC6 (Crisler Center)

    3.95 miles

  • Lot SC 16

    3.98 miles

  • Jimmy John's

    1.52 miles

  • Taco Bell

    1.57 miles

  • Mi Zarape

    1.65 miles

  • Black Rock

    1.68 miles

  • Thai Spoon

    1.69 miles

  • Ahmo's Gyros & Grill

    1.74 miles

  • Mark's Mid-Town Coney Island

    1.76 miles

  • Subway

    1.84 miles

  • Burger King

    1.99 miles

  • Graham's Restaurant

    2.13 miles

  • Walmart Supercenter

    1.35 miles

  • Mediterranean Market

    1.74 miles

  • Von Maur

    2.19 miles

  • Sears

    2.21 miles

  • Briarwood Mall

    2.26 miles

  • JCPenney

    2.33 miles

  • Macy's

    2.34 miles

  • Kohl's

    2.49 miles

  • Hyundai Asian Market

    2.54 miles

  • Meijer

    2.60 miles

  • Pittsfield Township Public Safety Fire Station No 3

    1.44 miles

  • Pittsfield Charter Township Police Department

    1.92 miles

  • Pittsfield Charter Township Fire Department

    1.94 miles

  • Building 3

    2.41 miles

  • Building 1

    2.42 miles

  • Building 2

    2.42 miles

  • Building 4

    2.45 miles

  • Building 5

    2.45 miles

  • Building 9

    2.49 miles

  • Building 10

    2.49 miles

Frequently Asked Questions

How much does 5500 South State Street cost?

The space currently listed for sale at 5500 South State Street asks for $4,100,000.

What is the total square footage of 5500 South State Street?

5500 South State Street totals 46,356 square feet.

When was this property built?

5500 South State Street was built in 1966.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Dan Stewart

SVN | Stewart Commercial Group