Downtown Restaurant / Bar / Retail

Retail-Commercial for Sale
Catylist Listing ID: 30826164
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Status: Proposed
Building Size (RSF): 8,700 SF
Gross Land Area: 0.20 Acres
Sale Price: $5,150,000
Unit Price: $591.95 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2023

Overview / Comments

Discover the perfect location for your retail or restaurant business at 226 W Liberty St. in Ann Arbor, Michigan. This to-be-built condominium offers an impressive 8,700 square feet of space, including a 500 square foot exterior patio or dining area, perfect for creating an inviting and vibrant atmosphere for your customers.

Situated on a busy downtown corner, this property is adjacent to public parking and conveniently located near the University of Michigan campus. Surrounded by established retail, restaurants, and businesses, this is the ideal spot to attract a steady stream of foot traffic and eager patrons.

The proposed development will also include a second phase of the Ann Arbor City Club Apartments upon approval by the City of Ann Arbor.

Don't miss out on this exceptional opportunity to establish your retail, restaurant, or bar business in the heart of downtown Ann Arbor. With storefront windows and frontage on W Liberty Street and S 1st Street, you'll have fantastic visibility and accessibility.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-224-002
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Located Between: Corner of W Liberty Street and S 1st Street
Property Visibility: Excellent
Largest Nearby Street: W Liberty Street
Highway Access: M-14, I-94
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,700 SF
Parking Type: Surface
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: provided with title commitment
Land Ownership: owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,636 110,166 163,118
Median Age: 26.71 33.16 34.29
Households: 11,945 44,786 67,516


Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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