Stunning Main Street Property
Retail-Commercial
for Sale
| Catylist Listing ID: |
30829856 |
| Property Subtypes: |
Restaurant, Street Retail, Tavern/Bar/Nightclub
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| Building Size (RSF): |
6,226 SF
|
| Sale Price: |
$4,600,000 |
| Unit Price: |
$738.84 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/25/2023 |
Overview / Comments
Rare opportunity to own a turn-key restaurant in downtown Ann Arbor. Ideally located on high-traffic Main Street between E Liberty Street and E Washington Street, and just blocks to the University of Michigan campus.
This stunning property with a handsome street presence offers the perfect nod to mid-century design while embracing the historic details, such as exposed brick walls and original hardwood floors. The first and 2nd-floor dining rooms offer light-filled open floor plans with plenty of seating options, wonderful large bars, soaring ceilings, and restrooms. The third-floor space offers a more private atmosphere and dining experience.
Kitchens are conveniently located on the first floor and the basement, with a food prep kitchen on the 2nd floor. The basement also offers a large dumb waiter lift to the main level, plenty of storage, refrigeration, and a restroom.
This Main Street location has potential foot traffic to attract over 115,000 Ann Arbor area residents, students, tourists, and supportive athletic fans from all over the country.
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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: |
09-09-29-131-017 |
| Zoning: |
DOWNTOWN CORE DISTRICT |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Convention, Other |
| Property Located Between: |
W Liberty Street and W Washington Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main Street |
| Traffic/Vehicle Count: |
10,291 |
| Highway Access: |
M-14, I-94 |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Excellent |
| Roof Type: |
Flat |
| Parking Type: |
Other |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
provided with title commitment |
| Land Ownership: |
owned |
| Legal Description: |
N 22 FT OF S 44 FT LOT 2 B2S R4E ORIGINAL PLAT OF ANN ARBOR |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
34,998 |
112,380 |
163,118 |
| Median Age: |
26.54 |
33.34 |
34.29 |
| Households: |
12,332 |
45,757 |
67,516 |
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