First National Building

Off-Market

201 South Main Street, Ann Arbor, MI 48104

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 47,798 SF
  • Lot Size 0.19 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1930

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Jun, 1981
  • 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
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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.

  • 2022 Avg. Asking Rent $25.02
  • 2022 Office Vacancy Rate 22.34%
  • 2022 Office Completions (SF)
View more Ann Arbor market trends

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise

  • Transit Score ®

    73/100 Excellent Transit

  • Bike Score ®

    94/100 Biker's Paradise
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Downtown Ann Arbor
  • Zip Code 48104
  • Market Detroit

Points of Interest

  • Ann Arbor

    0.58 miles

  • Mobil

    0.18 miles

  • BP

    0.22 miles

  • Clark

    0.45 miles

  • Speedway

    1.46 miles

  • Marathon

    1.63 miles

  • Circle K

    1.65 miles

  • Shell

    1.67 miles

  • Sunoco

    1.67 miles

  • Shell

    1.81 miles

  • BP

    1.89 miles

  • Fourth & Washington parking structure

    0.04 miles

  • First & Huron parking lot

    0.12 miles

  • South Ashley parking lot

    0.13 miles

  • Post Office Parking

    0.13 miles

  • Fourth & William parking structure

    0.14 miles

  • Ann & Ashley parking structure

    0.17 miles

  • South Fifth Ave parking lot

    0.19 miles

  • North 4th and Catherine Lot

    0.22 miles

  • Liberty Square

    0.29 miles

  • Maynard Parking Structure

    0.33 miles

  • Residence Inn Ann Arbor Downtown

    0.12 miles

  • Burnt Toast Inn

    0.30 miles

  • Graduate Ann Arbor

    0.35 miles

  • Bell Tower Hotel

    0.42 miles

  • Ann Arbor Bed and Breakfast

    0.56 miles

  • Cadgwith Too

    0.62 miles

  • Library Bed and Breakfast

    0.70 miles

  • Stone Chalet Bed and Breakfast Inn

    1.56 miles

  • Wyndham Garden Ann Arbor

    2.07 miles

  • Hampton Inn & Suites

    2.13 miles

  • The Ravens Club

    0.02 miles

  • Cafe Felix

    0.03 miles

  • bd's Mongolian Grill

    0.03 miles

  • Amadeus

    0.03 miles

  • Pretzel Bell

    0.05 miles

  • Sottini's Sub Shop

    0.05 miles

  • Vinology

    0.06 miles

  • Frita Batidos

    0.06 miles

  • TAQ | Taqueria Restaurant & Bar

    0.06 miles

  • The Earle

    0.06 miles

  • Community High School

    0.31 miles

  • Bach Elementary School

    0.45 miles

  • Saint Thomas School

    0.52 miles

  • Slauson Middle School

    0.67 miles

  • Mack School

    0.75 miles

  • Ross School of Business

    0.79 miles

  • Eberwhite Elementary School

    1.04 miles

  • Angell School

    1.12 miles

  • Burns Park Elementary School

    1.37 miles

  • Pioneer High School

    1.45 miles

  • Green Apple Garden Upper Playschool

    0.37 miles

  • Gretchen's House

    0.85 miles

  • Towsley Chidren House

    0.89 miles

  • Gretchen's House

    1.50 miles

  • The Discovery Center

    1.68 miles

  • Gretchen's House

    2.59 miles

  • Stony Creek Preschool

    2.67 miles

  • Little Lamb Nursery & Kindergarten

    3.19 miles

  • Annie's Children's Center

    3.43 miles

  • Little Folk's Corner

    4.18 miles

Frequently Asked Questions

What is the total square footage of First National Building?

First National Building totals 47,798 square feet.

When was First National Building last sold?

First National Building was last sold on 04 Jun, 1981.

What is the market value for First National Building?

The market value* for First National Building in 2023 was $10,722,400.
*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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