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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 SF
  • Lot Size 0.19 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1930

Location

  • Walk Score ® Walker's Paradise (99)
  • Transit Score ® Excellent Transit (73)
  • Bike Score ® Biker's Paradise (93)
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

Sunoco

1.67 miles

ChargePoint

2.39 miles

Marathon

2.79 miles

Ann Arbor Supercharger

2.87 miles

Sam's Club

6.03 miles

BP

6.17 miles

Sunoco

6.20 miles

BP

6.76 miles

RP Fuel

7.60 miles

Kroger

7.71 miles

South Fifth Ave parking lot

0.19 miles

U-M Lot SC9

0.57 miles

Fletcher Structure

0.62 miles

Arrowwood Parking Lot L

2.03 miles

U of M Lot NC 46

2.30 miles

Eisenhower Center Parking

2.98 miles

Scio Woods Preserve

3.50 miles

Lot K: Public

5.13 miles

Oakwood Lot South

6.56 miles

Bowen Lot (Pay)

6.57 miles

Burnt Toast Inn

0.30 miles

Graduate Ann Arbor

0.35 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

Courtyard Marriott

2.83 miles

Comfort Inn & Suites

2.89 miles

Red Roof Inn

2.90 miles

Tropical Smoothie Cafe

0.34 miles

Panera Bread

0.45 miles

Northside Grill

0.78 miles

Jimmy John's

0.80 miles

Rich J C

0.87 miles

Side Biscuit

1.25 miles

Tienda La Libertad

1.55 miles

Fireside Café

1.73 miles

El Harissa Market Cafe

1.94 miles

Subway

1.96 miles

Ross School of Business

0.79 miles

University of Michigan

1.69 miles

Lawton Elementary School

2.01 miles

Tappan Middle School

2.05 miles

Lakewood School

2.15 miles

Daycroft Montessori School

2.36 miles

Logan Elementary School

2.97 miles

Concordia University Ann Arbor

3.42 miles

Carpenter Elementary School

4.33 miles

Washtenaw Community College

4.47 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

Explorer Child Care Learning Center

4.32 miles

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
  • 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%
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

  • Base Tax $349,553
  • Current Tax $188,570
  • Market Value* $10,162,200
  • Assessed Value $10,162,200

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 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 market value for First National Building?

The market value* for First National Building in 2022 was $10,162,200.
*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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