2295 S State Street, Ann Arbor, MI 48104

$1,500,000
Property Type: Land Lot Size (sq. ft.): 98,446 Status: Sold
Current Price: $2,750,000 List Date: 2/28/2022 Last Modified: 12/01/2023

Overview

Description

Zoned Office/Limited Industrial with nearly 170 feet of road frontage across from the main entrance to the University of Michigan's South Athletic Campus, this commercial building is a rare opportunity to own 2.26 acres in the City of Ann Arbor! The property is centrally located on the State Street Corridor and offers 4416 SF of commercial business space that is currently leased. Easy access to I-94. Great opportunity to buy the existing business and invest, or redevelop it. There is the potential for additional parcels. Currently used as a salon and zoned for office. Future plan for mixture of office and residential.

Listing Details MLS# 23273

Location Property Info

County
Washtenaw
Street #
2295
Street Direction
S
Street Name
State
Suffix
Street
State
MI
Zip Code
48104
Zip (4)
6107

General Property Info

Lot Measurement
Acres
Lot Square Footage
98446
Lot Acres
2.26
School District
Ann Arbor
Elementary School
Pattengill Elementary School
Middle School
Tappan Middle School
High School
Pioneer High School

Tax Info

Tax ID #
09-12-04-200-034
Taxable Value
328304
SEV
500600
For Tax Year
2021
Seller's Annual Property Tax
21968
Tax Year
2021
Zoning
O

Remarks Misc

Directions
Across from UM Varsity Tennis Courts and Center

Status Change Info

Under Contract Date
2022-11-14
Sold Date
2022-12-05
Sold Price/Acre
663716.81

More Information

Location & Property Info

Area
Ann Arbor/Washtenaw - A
Municipality
Ann Arbor

Office/Contract Info

On-Market Date
2022-02-28
Auction or For Sale
For Sale
List Price/Acre
1216814.16
Listing Agreement
Exclusive Right To Sell
Former Listing Key
9020404

Remarks & Misc

Public Remarks
Zoned Office/Limited Industrial with nearly 170 feet of road frontage across from the main entrance to the University of Michigan's South Athletic Campus, this commercial building is a rare opportunity to own 2.26 acres in the City of Ann Arbor! The property is centrally located on the State Street Corridor and offers 4416 SF of commercial business space that is currently leased. Easy access to I-94. Great opportunity to buy the existing business and invest, or redevelop it. There is the potential for additional parcels. Currently used as a salon and zoned for office. Future plan for mixture of office and residential.
Legal
PRT OF NW 1/4 SEC 4, T36, R6E, DESC AS COM AT W 1/4 COR OF SD SEC 4, TH N 0 DEG 37 MIN 30 SEC W 698.

Street Type

Paved
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes

Association Info.

Approx. Assoc Fee
0

Property Features

Street Type: Paved Sewer: Public Sewer Water: Public Water Terms Available: Cash
Listing Office: The Charles Reinhart Company
Listing Agent: Brent Flewelling
IDX
Last Updated: December - 01 - 2023
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