South State Commons I

Off-Market

2723 South State 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 97,000 SF
  • Lot Size 5.5 Acre
  • Parking Spaces Avail. 358
  • Parking Ratio 3.70 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2003

Contacts

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Owner

  • True 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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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
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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 ®

    43/100 Car-Dependent
  • Transit Score ®

    40/100 Some Transit
  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Germantown
  • Zip Code 48104
  • Market Detroit

Points of Interest

  • Ann Arbor

    2.79 miles

  • Shell

    0.22 miles

  • Mobil

    0.51 miles

  • BP

    0.53 miles

  • Citgo

    0.89 miles

  • Circle K

    0.99 miles

  • Sunoco

    1.01 miles

  • Shell

    1.09 miles

  • Costco Gasoline

    1.14 miles

  • Speedway

    1.28 miles

  • Meijer

    1.46 miles

  • U-M Lot SC34

    0.09 miles

  • State Street Park and Ride

    0.14 miles

  • SC 43

    0.99 miles

  • Glick

    1.16 miles

  • U-M Lot SC7 (Crisler Center)

    1.17 miles

  • Eisenhower Center Parking

    1.23 miles

  • U-M Lot SC6 (Crisler Center)

    1.25 miles

  • Lot SC 16

    1.28 miles

  • U-M Lot SC5 (Crisler Center)

    1.34 miles

  • U-M Lot SC20 (Athletics Campus Grey Lot)

    1.41 miles

  • Holiday Inn & Suites

    0.47 miles

  • Hyatt Place

    0.47 miles

  • Sheraton Ann Arbor Hotel

    0.48 miles

  • Courtyard Marriott

    0.52 miles

  • Extended Stay America

    0.55 miles

  • Comfort Inn & Suites

    0.58 miles

  • Red Roof Inn

    0.58 miles

  • Fairfield Inn Marriott

    0.59 miles

  • Hampton Inn Ann Arbor, South

    0.62 miles

  • Kensington Court Hotel

    0.63 miles

  • Shawarma Shop

    0.22 miles

  • Olive Garden

    0.27 miles

  • Max and Erma's

    0.28 miles

  • Romano's Macaroni Grill

    0.33 miles

  • Buffalo Wild Wings

    0.42 miles

  • Red Robin

    0.42 miles

  • Wendy's

    0.43 miles

  • Seoul Garden

    0.44 miles

  • Burger King

    0.51 miles

  • Los Amigos

    0.53 miles

  • Preschool and Family Center

    0.21 miles

  • Central Academy

    0.43 miles

  • Daycroft Montessori School

    0.52 miles

  • Clonlara School

    0.59 miles

  • Pathways Campus

    0.89 miles

  • Pattengill Elementary School

    1.07 miles

  • Pioneer High School

    1.21 miles

  • Burns Park Elementary School

    1.32 miles

  • Lawton Elementary School

    1.36 miles

  • Saint Francis of Assisi School

    1.38 miles

  • Little Lamb Nursery & Kindergarten

    1.50 miles

  • Towsley Chidren House

    1.80 miles

  • Gretchen's House

    2.04 miles

  • Gretchen's House

    2.15 miles

  • Annie's Children's Center

    2.18 miles

  • Green Apple Garden Upper Playschool

    2.63 miles

  • The Discovery Center

    2.71 miles

  • Kozy Heart Daycare Center

    2.84 miles

  • Explorer Child Care Learning Center

    3.07 miles

  • Stony Creek Preschool

    4.31 miles

Frequently Asked Questions

What is the total square footage of South State Commons I?

South State Commons I totals 97,000 square feet.

When was this property built?

South State Commons I was built in 2003.

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