One short answer is the University of Michigan. Low vacancy rates, relatively high lease rates and ongoing demand, all contribute to the attractiveness of owning residential income property in Ann Arbor. With the seasonal flow of thousands of students and an equally impressive number of faculty and university employees, the demand for housing is unmistakable. Also, it should not be overlooked that Ann Arbor is ranked 3rd in the country as a tech hub, attracting tech entrepreneurs and industry giants alike. Ann Arbor’s multi-family income property owners can expect their properties to be consistently occupied if buildings are well maintained and offer Ann Arbor residents the proximity to their needs and interests.
If you are interested in personalized recommendations on how to grow your income property portfolio, contact our office to speak with a broker at (734)663-0501 or email@example.com. – Mike Giraud, Associate Broker
Located in the Jackson Road Industrial Park, this highly sought after flex space has 1,500 SF of storage/warehouse and 1,300 SF of office. Warehouse is wide open with mop sink area and has an overhead door. Office area has 4 private offices, reception area, and ADA accessible restroom.
For Lease: 2,793 sf, $11.00 psf (plus utilities)
Ample at the door surface parking.
Great location on Jackson Road between Zeeb and Baker Roads. Easy access to I-94 and M-14.
Long-time local skilled-trades business owner is retiring and selling three (3) contiguous lots.
5046 W. Michigan Ave – Commercial building with a shop, small office and garage 2,818 sf;
5050 W. Michigan Ave – Neighboring (rental) house 1,279 sf
5096 W. Michigan Ave – Adjoining vacant lot.
Highly visible location on corner of W. Michigan Ave. and Morgan Rd. Michigan Ave. frontage is 551′ and Morgan Rd frontage is 466′. Properties are zoned Industrial and can be used for existing purpose, or developed for different use.
For Sale: 2,818 sf, 1.81 acres, $350,000
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Shop building with 3 overhead doors and ceilings from 9′ to 14′. Includes 3 restrooms: 2 in shop, 1 in office. Building is painted with new carpet in office. Includes nice, four room office with central A/C. Property includes a fenced, one acre+ storage yard. Great for fleet truck maintenance, landscaper, or any contractor base. Light Industrial Ypsilanti Township zoning. Building and yard must be leased in it’s entirety.
For Lease: 4,176 sf, $4,800 sf
Rent Breakdown: $3,600 building, $1,200 fenced 1.2 acre lot.
- Office & Medical
- Retail & Commercial
- Industrial & Flex
- Vacant Land & Development
- Multi-Family & Income
- Business for Sale
- Special Purpose