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Land For Lease • 3,920+ SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| Unkwn Floor Ste | - | 0.09-0.16 AC | Rate Upon Request | |
Two Ground Leases Available for Assumption • Ground Leases may not be assumed separately • Expiration Date: 2116, if all options are taken • Option to purchase: 2066 • Subordination not permitted Two Assumption Pricing & Terms Available 1. Six Million Six Hundred Twenty Thousand ($6,620,000) Dollars • Annual Ground Lease Payment: Two Hundred Fourteen Thousand Five Hundred ($214,500) Dollars, NNN • Annual Ground Lease Payment shall increase every five (5) years commencing in 2026 2. Three Million ($3,000,000) Dollars • Annual Ground Lease Payment: Four Hundred Thirty-Two Thousand ($432,000) Dollars, NNN • Annual Ground Lease Payment shall increase every five (5) years commencing in 2026 Additional information and a copy of the ground leases are available with an executed confidentiality agreement and approval by the sublessor.
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Located in the heart of the University of Michigan’s campus and within Ann Arbor's downtown core district, these two parcels totaling 0.249 acres are now available for sub-ground lease. This property boasts an outstanding location surrounded by student housing, established retail, public parking, and the vibrant atmosphere of downtown Ann Arbor. With their prime zoning classification of D1, these parcels offer many possibilities for development. All utilities are available, making the process even easier. The ground lease assumption provides two options, each with its unique pricing and terms.
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Ann Arbor Amtrak Station (Wolverine - Amtrak) | 3 min | - | 1.3 mi |
| Airport | Drive | Walk | Distance |
| Detroit Metro Wayne County | 34 min | - | 25.4 mi |
Jim Chaconas
Colliers International
Jim Chaconas
Colliers International