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First National Building

Off-Market

201 South Main Street, Ann Arbor, MI 48104

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

Location

  • City Ann Arbor, MI
  • Neighborhood Downtown Ann Arbor
  • Zip Code 48104
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 04 Jun, 1981
  • Arm's Length
  • 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.

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

Ann Arbor Office Sales Trends

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

  • 2020 Avg. Price per Sqft $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 2021 $372,921
  • Market Value $10,725,000
  • Assessed Value $10,725,000

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

Frequently Asked Questions

What is the total square footage of First National Building?

First National Building totals 47,798 square feet.

When was this property built?

First National Building was built in 1930.

When was First National Building last sold?

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

What is the property tax for First National Building?

The property tax for First National Building in 2021 was $372,921.

What is the market value for First National Building?

The market value for First National Building in 2021 was $10,725,000.

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