2025, 2051 & 2055 South State Street Listing Details & Market Data
2051 South State Street, Ann Arbor, MI 48104
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- Property Type Industrial - Warehouse/Distribution
- Property Size 38,310 SF
- Lot Size 2.25 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1950
- City Ann Arbor, MI
- Neighborhood Germantown
- Zip Code 48104
- Market Detroit
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Average Actual Rents in Ann Arbor
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Asking Rents in Ann Arbor Office Market
Office rental rates are based on aggregated data of asking rates.
- 2020 Avg. Asking Rent $26.44
- 2020 Office Vacancy Rate 9.25%
- 2020 Office Completions (SF)
Ann Arbor Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per SF $155.98
- Y-o-Y Avg. PpSF Change -23.34%
- 2020 Office Sales Volume $42.5M
- 2020 Number of Transactions 4
- Property Tax in 2021 $54,918
- Market Value* $1,596,600
- Assessed Value $1,596,600
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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.