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27527229
27527219

1923 Geddes Avenue, Ann Arbor, MI 48104

DA
MI MI 6505417590
NOMA Real Estate Services
Listed by NOMA Real Estate Services
Unpriced
241 days on market
Updated 107 days ago
Under Contract

1923 Geddes Avenue

Details
APN 09-09-28-401-009
Property Type Office, Special Purpose
Sub Type Traditional Office, Executive Office (+2)
Square Footage 8,610
Net Rentable (SqFt) 8,280
Units 1
Broker Co-Op Yes
Class B
Year Built 1923
Buildings 1
Stories 4
Acreage 0.530
Zoning R2A
Ownership Non-Profit
Sale Condition For sale by owner

🌿 Historic Charm Meets Urban Convenience at 1923 Geddes Ave

Marketing description

Historic Charm Meets Urban Convenience at 1923 Geddes Ave Nestled in the heart of Ann Arbor's vibrant cultural and academic district, 1923 Geddes Ave offers a rare opportunity to own a piece of local history. Originally built in 1923, it is 8,000 gross square feet on a generous 23,000-square-foot lot, providing ample space for both residential and commercial endeavors. RIGHT NEXT TO THE ARB! Property Highlights * **Spacious Layout**: With 12 bedrooms and 5 bathrooms (1 full, 4 half), the property offers versatile living arrangements, ideal for large families, group housing, or communal living setups. * **Prime Location**: Situated just steps away from the University of Michigan's central campus, the property enjoys proximity to Nichols Arboretum, providing a serene backdrop and easy access to green spaces. * **Rich History**: Currently home to the Rudolf Steiner House, the property has served as a cultural and educational hub, hosting events and gatherings that foster community engagement and intellectual exchange. ([anthroposophy.org][1]) * **Potential for Various Uses**: The property's zoning and expansive layout present numerous possibilities, from continued use as a community center to conversion into an educational facility, or multi-unit residence. ###Surrounding Amenities * **Educational Institutions**: Proximity to the University of Michigan enhances the property's appeal for academic-related ventures or student housing. * **Recreational Spaces**: Adjacent to Nichols Arboretum, residents and visitors can enjoy expansive walking trails, botanical gardens, and seasonal events. * **Cultural Attractions**: The property's location places it within reach of Ann Arbor's renowned cultural venues, including theaters, museums, and galleries, enriching the living experience. ### Investment Opportunity Priced at $1,500,000, 1923 Geddes Ave represents a unique investment in one of Michigan's most sought-after communities. Whether you're looking to preserve its historical significance or reimagine its future, this property offers a canvas for your vision. --- If you need further additional details, feel free to ask!

Investment highlights

Please note: any sale will be contingent on Seller closing and/or moving into a new office building. Seller could do sale leaseback, but they cannot move from the building until they have a new headquarters for the non-profit. They are looking for a stand alone, 3000 SF building in or around Ann Arbor. The sale/closing of 1923 Geddes IS NOT contingent on the Seller buying the new building. Brokers: if you have a building for sale that could work let me know.

We would like an LOI agreed to before showing the interior of the building. Call me with any questions.

Key Highlights

  • Building Size: ~8,000 SF

  • Lot Size: 0.528 acres (approx. 23,000 SF)

  • Bedrooms/Bathrooms: 13 Bedrooms, 5 Bathrooms

  • Zoning: Currently R2A

  • Construction Year: 1923

  • Historic Charm: Maintains original architectural elements, ideal for adaptive reuse

  • Updates: New Boiler and Heat Pumps as of 2021 (See pics)


Investment Highlights

  • Prime Location: Steps from University of Michigan and downtown Ann Arbor.

  • Versatile Use: Suitable for continued educational/cultural use, multi-unit residential, boutique office, or institutional use.

  • Strong Market: Ann Arbor’s stable real estate market offers both owner-occupiers and investors attractive long-term value.

  • High Visibility & Access: Located on a major thoroughfare with proximity to public transportation and city amenities.


Price and Uses

  • Asking Price: $1,500,000, ~$174/SF

  • Potential Uses / Revenue Streams:

    • Sorority/Fratenrinity

    • Office space close to the U of M

    • Lot Splits/Condo Redevelopment

    • Boutique B&B


Contact Information

Broker: Douglas Allen
Phone: 734.882.8888 Email: DLA@NOMARES.COM

Include any broker commission in the offer.

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Listing Contacts

DA
MI MI 6505417590
NOMA Real Estate Services
Listed by NOMA Real Estate Services

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Additional Information

Name
Doug Allen
License
MI 6505417590
Brokerage Phone
7348828888
Brokerage Address
202 East Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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