Free-Standing Building 4837 Washtenaw Ave 1,982 SF Retail Building Ann Arbor, MI 48108 $729,892 CAD ($368.26 CAD/SF) 8.70% Cap Rate

This 1,982 SF stand-alone commercial building is positioned along the high-traffic Washtenaw Avenue corridor in Pittsfield Township, offering outstanding visibility to more than 20,000 vehicles per day. Situated on 0.609 acres, the property provides a rare opportunity for owner-occupiers, investors, and redevelopment users seeking a flexible footprint in one of the area’s most active mixed-use commercial districts.
The building is currently leased through May 2027, providing stable income for investors. The tenant holds a renewal option, with extension rate to be determined. The listing price is based on an 8.7% CAP rate, making this a compelling income-producing asset with future upside through redevelopment, repositioning, or lease renegotiation.
The site is located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investors. Zoned FB – Form Based (Washtenaw Avenue Mixed Use District), the property supports a wide range of commercial, service, retail, and mixed-use redevelopment possibilities consistent with the township corridor plan.
With prominent frontage on Washtenaw Avenue just one mile east of US-23, the location provides seamless access to I-94, M-14, and the broader Ann Arbor–Ypsilanti regional market. Strong surrounding retail, residential density, and consistently high traffic volumes support diverse commercial uses, from restaurant and service retail to medical office or future mixed-use redevelopment.