High Visibility Retail for Sale - Ann Arbor - Pittsfield Twp
4837 Washtenaw Ave
Ann Arbor, MI 48108
Highlights
- 1,982 SF stand-alone commercial building on 0.6262 acres
- Located in a federally designated Opportunity Zone
- 20,000 VPD along Washtenaw Avenue
- Zoned FB – Form Based (Washtenaw Ave Mixed Use) allowing diverse commercial + redevelopment uses
- Existing tenant could provide income while planning for future use
- Excellent regional access — 1 mile to US-23 with quick connections to I-94 and M-14
- Strong visibility, signage potential, and proximity to dense retail/residential corridor
Description
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 0.6262 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.
Located on the Ann Arbor–Ypsilanti corridor, this property benefits from one of Washtenaw County’s highest-demand commercial arteries. Washtenaw Avenue connects Ann Arbor, Ypsilanti, and multiple major employment centers, creating consistent daily traffic and strong customer draw for a wide range of businesses. The area features national retailers, local service providers, dense residential neighborhoods, and strong transportation infrastructure.
Pittsfield Township’s Form-Based zoning plan for the Washtenaw Avenue corridor encourages flexible commercial use, reinvestment, and thoughtful mixed-use redevelopment—positioning this property well for long-term growth. Its proximity to US-23 (1 mile) enables rapid connection to I-94, serving regional commuters, students, hospital traffic, and Ann Arbor’s expanding employment base.
