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1209-1213 S University Ave

0.09 - 0.16 Acres of Commercial Land for Lease in Ann Arbor, MI 48104

Land Michigan Ann Arbor 1209-1213 S University Ave, Ann Arbor, MI 48104

Lot Available

Display Rental Rate as

Rental Rate
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
 Lot Size 0.09 - 0.16 AC
Lease Term Negotiable
Rental Rate
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
Lease Term Negotiable
Lot Size 0.09 - 0.16 AC 

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.

Property Overview

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.

PROPERTY FACTS

Min. Divisible 0.09 AC Property Subtype Commercial
Property Type Land Proposed Use Commercial
Min. Divisible 0.09 AC
Property Type Land
Property Subtype Commercial
Proposed Use Commercial

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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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measures access to public transit. Bike Score®
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(734) 994-3100

  • Listing ID: 29348934

  • Date on Market: 8/23/2023

  • Last Updated:

  • Address: 1209-1213 S University Ave, Ann Arbor, MI 48104

The Land Property at 1209-1213 S University Ave, Ann Arbor, MI 48104 is currently available For Lease. Contact Colliers International for more information.

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1209-1213 S University Ave
(734) 994-3100 x

1209-1213 S University Ave

Jim Chaconas

(734) 994-3100

(734) 994-3100

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