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.
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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 |
| Zoning: |
DOWNTOWN CORE DISTRICT |
| 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 |
| Legal Description: |
LOT 4 B2S R2E ORIGINAL PLAT OF ANN ARBOR |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
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