• Market Place
  • Market Place
  • +1 image Market Place

Market Place

Off-Market

303 Detroit 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 28,000 SF
  • Lot Size 0.39 Acre
  • Parking Spaces Avail. 16
  • Parking Ratio 0.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Transit Score ®

    73/100 Excellent Transit

  • Bike Score ®

    92/100 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

    0.35 miles

  • BP

    0.07 miles

  • Mobil

    0.42 miles

  • Clark

    0.68 miles

  • Shell

    1.61 miles

  • Speedway

    1.63 miles

  • BP

    1.70 miles

  • Marathon

    1.73 miles

  • Shell

    1.74 miles

  • Circle K

    1.81 miles

  • Sunoco

    1.82 miles

  • North 4th and Catherine Lot

    0.03 miles

  • Ann & Ashley parking structure

    0.14 miles

  • Fourth & Washington parking structure

    0.20 miles

  • First & Huron parking lot

    0.25 miles

  • Post Office Parking

    0.32 miles

  • Liberty Square

    0.33 miles

  • South Fifth Ave parking lot

    0.35 miles

  • Fourth & William parking structure

    0.36 miles

  • South Ashley parking lot

    0.37 miles

  • Maynard Parking Structure

    0.41 miles

  • Residence Inn Ann Arbor Downtown

    0.18 miles

  • Graduate Ann Arbor

    0.31 miles

  • Bell Tower Hotel

    0.46 miles

  • Ann Arbor Bed and Breakfast

    0.50 miles

  • Burnt Toast Inn

    0.51 miles

  • Cadgwith Too

    0.85 miles

  • Library Bed and Breakfast

    0.88 miles

  • Stone Chalet Bed and Breakfast Inn

    1.64 miles

  • Wyndham Garden Ann Arbor

    2.13 miles

  • Hampton Inn & Suites

    2.18 miles

  • Aut Bar

    0.03 miles

  • Detroit Street Filling Station

    0.03 miles

  • The Bar at 327 Braun Court

    0.04 miles

  • No Thai!

    0.04 miles

  • Eat

    0.07 miles

  • Miss Kim

    0.08 miles

  • The Broken Egg

    0.09 miles

  • Heidelberg Restaurant

    0.11 miles

  • Zingerman's

    0.11 miles

  • Vedge Cafe

    0.12 miles

  • Community High School

    0.10 miles

  • Saint Thomas School

    0.33 miles

  • Bach Elementary School

    0.65 miles

  • Mack School

    0.69 miles

  • Slauson Middle School

    0.80 miles

  • Ross School of Business

    0.91 miles

  • Angell School

    1.16 miles

  • Eberwhite Elementary School

    1.23 miles

  • Ann Arbor STEAM

    1.26 miles

  • Forsythe Middle School

    1.41 miles

  • Green Apple Garden Upper Playschool

    0.34 miles

  • Towsley Chidren House

    0.98 miles

  • Gretchen's House

    1.04 miles

  • Gretchen's House

    1.70 miles

  • The Discovery Center

    1.83 miles

  • Gretchen's House

    2.35 miles

  • Stony Creek Preschool

    2.69 miles

  • Little Lamb Nursery & Kindergarten

    3.33 miles

  • Annie's Children's Center

    3.52 miles

  • Little Folk's Corner

    4.18 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • 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
Unlock on CommercialEdge
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.

  • 2021 Avg. Asking Rent $25.70
  • 2021 Office Vacancy Rate 14.04%
  • 2021 Office Completions (SF) 230,000

Ann Arbor Office Sales Trends

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

  • 2021 Avg. Price per SF $155.46
  • Y-o-Y Avg. PpSF Change -0.33%
  • 2021 Office Sales Volume $38.1M
  • 2021 Number of Transactions 6
View more Ann Arbor market trends

Frequently Asked Questions

What is the total square footage of Market Place?

Market Place totals 28,000 square feet.

When was this property built?

Market Place was built in 1989.

What is the market value for Market Place?

The market value* for Market Place in 2022 was $6,839,400.
*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.

Tax

  • Base Tax $224,732
  • Current Tax $142,741
  • Market Value* $6,839,400
  • Assessed Value $6,839,400

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.

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