123 N Ashley St

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123 N Ashley St

ann-arbor, MI 48104
Asking Rate
Contact for rate
Asset Type
Office
Class
Class B

What's Special

123 N Ashley St is situated in the downtown core of Ann Arbor, Michigan, positioned within a high-density district characterized by historic architecture and diverse commercial activity. The property is located one block from Main Street, providing immediate pedestrian access to a variety of restaurants, retail stores, and financial services. Transportation is facilitated by its proximity to the Blake Transit Center, the city's primary bus hub, and multiple public parking structures. The location serves as a central point between the University of Michigan’s central campus and the surrounding residential neighborhoods. This office asset is suited for professional services firms, including legal, accounting, or architectural practices, as well as technology startups requiring a central urban presence. Typical tenants include organizations that prioritize proximity to municipal buildings and the university, or those seeking a walkable environment for employees. The floor plates and layout cater to small-to-mid-sized businesses looking for a workspace that benefits from the visibility and logistical convenience of a downtown Ann Arbor address.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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