Stunning Main Street Property

Retail-Commercial for Sale
Catylist Listing ID: 30829856
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
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.

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
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

View FullscreenMap

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


Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions.