Liberty-Wagner Business Park
Ann Arbor Flex Portfolio | Five-Building Campus | Significant Upside
Marketing description
Marcus and Millichap presents Liberty Wagner Business Park, a multi building flex campus
located at 3502 to 3650 West Liberty Road in Ann Arbor, Michigan, within Washtenaw County. The
property consists of five flex buildings totaling approximately 63000 square feet and offers a mix
of office, warehouse, light industrial, showroom, and service oriented space. The campus layout
provides functional building sizes and configurations that support a range of users, including
investors, owner occupants, and small to mid scale businesses.
The property is located along West Liberty Road near the intersection with Wagner Road, a well
traveled corridor that provides direct access to Downtown Ann Arbor, Interstate 94, and M 14. These
routes connect the site to the broader Ann Arbor area and the regional highway network serving
Southeast Michigan. The location benefits from proximity to strong traffic drivers, including the
University of Michigan, Michigan Medicine, downtown Ann Arbor employment centers, and surrounding established residential neighborhoods. Washtenaw County is characterized by high household incomes, a well educated workforce, and a concentration of employment in education, healthcare, research, and technology sectors
.
Ann Arbor remains one of Michigan’s most supply‑constrained commercial markets, particularly for
flex space, where opportunities for new development are limited. Market fundamentals continue to
outperform both regional and national averages, supported by consistent demand and low vacancy
levels. Recent market data indicates that the Ann Arbor and Washtenaw County office market
maintains vacancy rates well below national office averages, reflecting strong tenant demand and
limited available inventory. Currently, the market has an 8% vacancy rate. Flex properties have
benefited from these conditions, driven by users seeking adaptable space in close proximity to
employment centers and major transportation routes.
Liberty Wagner Business Park offers multiple ownership strategies due to its five individual
buildings. Potential approaches include leasing the buildings individually or as multi tenant
space, repositioning suites to capture market rent growth, selling buildings separately, or
occupying part of the campus while retaining income from the remaining space. The property’s
location within a high barrier to entry market and its adaptable building mix position it to
benefit from the long term strength and stability of the Ann Arbor and Washtenaw County
commercial real estate market.
Investment highlights
- Five-Building Flex Campus +/- 63,000 SF across five separate flex buildings allows for diversified tenancy
- Most Tenants enjoy annual escalations
- Ideal for Owner-Users: Rare opportunity for businesses to occupy one or more buildings while offsetting costs through rental income from remaining structures
- Value-Add Upside Opportunity to increase rents, rental structure, and enhance leasing performance in a high-demand submarket
- Break-Apart / Separate Sale Potential | Five-building layout creates multiple future exit strategies and potential to maximize value through individual building sales
- Premier Ann Arbor Location| Minutes from Downtown Ann Arbor, the University of Michigan, major hospitals, and affluent western Washtenaw County demographics
- Strong Market Fundamentals| Ann Arbor remains one of the Midwest’s most resilient commercial markets, supported by education, healthcare, life sciences, engineering, and technology sectors with vacancy historically outperforming many peer markets
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