One North Main

Off-Market

101 North Main Street, Ann Arbor, MI 48104

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  • Property Type Office - General Office
  • Property Size 114,197 SF
  • Lot Size 0.21 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1987

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 26 Feb, 2016
  • 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
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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.

  • 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

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

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

Points of Interest

  • Ann Arbor

    0.51 miles

  • BP

    0.13 miles

  • Mobil

    0.27 miles

  • Clark

    0.54 miles

  • Speedway

    1.47 miles

  • Marathon

    1.60 miles

  • Shell

    1.63 miles

  • Circle K

    1.75 miles

  • Sunoco

    1.77 miles

  • Shell

    1.77 miles

  • Speedway

    1.86 miles

  • Ann & Ashley parking structure

    0.07 miles

  • First & Huron parking lot

    0.09 miles

  • Fourth & Washington parking structure

    0.10 miles

  • North 4th and Catherine Lot

    0.15 miles

  • South Ashley parking lot

    0.21 miles

  • Post Office Parking

    0.23 miles

  • Fourth & William parking structure

    0.24 miles

  • South Fifth Ave parking lot

    0.28 miles

  • U-M Lot W-11

    0.34 miles

  • Liberty Square

    0.35 miles

  • Residence Inn Ann Arbor Downtown

    0.02 miles

  • Burnt Toast Inn

    0.34 miles

  • Graduate Ann Arbor

    0.38 miles

  • Bell Tower Hotel

    0.49 miles

  • Ann Arbor Bed and Breakfast

    0.59 miles

  • Cadgwith Too

    0.69 miles

  • Library Bed and Breakfast

    0.80 miles

  • Stone Chalet Bed and Breakfast Inn

    1.65 miles

  • Wyndham Garden Ann Arbor

    2.03 miles

  • Hampton Inn & Suites

    2.08 miles

  • First Bite

    0.04 miles

  • Vinology

    0.05 miles

  • Vedge Cafe

    0.06 miles

  • Heidelberg Restaurant

    0.07 miles

  • Grizzly Peak Brewing Company

    0.08 miles

  • The Earle

    0.09 miles

  • Frita Batidos

    0.09 miles

  • bd's Mongolian Grill

    0.09 miles

  • The Broken Egg

    0.10 miles

  • Cafe Felix

    0.10 miles

  • Community High School

    0.26 miles

  • Bach Elementary School

    0.48 miles

  • Saint Thomas School

    0.49 miles

  • Slauson Middle School

    0.65 miles

  • Mack School

    0.66 miles

  • Ross School of Business

    0.88 miles

  • Eberwhite Elementary School

    1.07 miles

  • Angell School

    1.19 miles

  • Forsythe Middle School

    1.42 miles

  • Ann Arbor STEAM

    1.43 miles

  • Green Apple Garden Upper Playschool

    0.28 miles

  • Gretchen's House

    0.88 miles

  • Towsley Chidren House

    0.98 miles

  • Gretchen's House

    1.54 miles

  • The Discovery Center

    1.68 miles

  • Gretchen's House

    2.51 miles

  • Stony Creek Preschool

    2.61 miles

  • Little Lamb Nursery & Kindergarten

    3.29 miles

  • Annie's Children's Center

    3.52 miles

  • Little Folk's Corner

    4.12 miles

Frequently Asked Questions

What is the total square footage of One North Main?

One North Main totals 114,197 square feet.

When was this property built?

One North Main was built in 1987.

When was One North Main last sold?

One North Main was last sold on 26 Feb, 2016.

What is the property tax for One North Main?

The property tax for One North Main in 2022 was $51,633.

What is the market value for One North Main?

The market value* for One North Main in 2022 was $1,571,400.
*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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