New Construction Downtown Retail/Office Space For Lease

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 29948443
Property Subtypes: Free-Standing Building, Street Retail
Building Status: Proposed
Contiguous Space: 6,000 - 12,000 SF
Total Available: 6,000 SF
Gross Building Area: See Agent
Lease Rate: $45 PSF (Annual)
Base Monthly Rent: $22,500 - 45,000
Lease Types: NNN
Last Updated: 3/22/2019

Overview / Comments

New construction on South University in downtown/campus Ann Arbor. Retail or office space. From 6,000 sq. ft. up to 12,000 sq. ft. Next to South University Towers. Exceptional foot traffic. Street and S. Forest structure parking.

Expand All Available Space

Suite: 1215 6,000 SF $45 PSF (Annual) NNN
Space Available: 6,000 SF
Max Contiguous: 12,000 SF
Lease Rate: $45 PSF (Annual)
$22,500 - 45,000 (Monthly)
Lease Type: NNN
Space Description: Downtown retail space on S. University.
Space Subcategory: Office Building
Date Available: 10/1/2017
Lease Term: 60 Months
Space Type: New
Kitchen Yes

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-28-313-005
Zoning: D1
Retail Clientele: General, Business
Property Located Between: S. Forest and Church Street
Property Visibility: Excellent
Largest Nearby Street: S. Forest
Feet of Frontage: 26
Highway Access: Access to US-23, M-14 and I-94.
Airports: Detroit Metro, Ann Arbor
Site Description: New downtown/campus construction on S. University in the heart of the University of Michigan campus. Exceptional foot traffic.
Area Description: The Ann Arbor area is a friendly community with big-city sophistication; a world-class educational and high-tech research center nestled in a quintessential college town; a close-knit community of charming neighborhoods with a rich mix of cultures. The Ann Arbor campus has plenty to inspire and entertain. Ranked as the #2 Best College Town in America, Ann Arbor and the University of Michigan go together like Maize and Blue! With more than 43,000 undergrad and graduate students, campus life is interwoven with city life. Although geographically small, the area is perhaps most renowned for its entertainment, athletics, cultural offerings, dining experiences and nightlife. On almost any given weekend, a visit to Ann Arbor will coincide with one of the many festivals and special events hosted in Ann Arbor. Two of the most recognizable traditions are the Ann Arbor Art Fair and University of Michigan football. Every July, the award-winning Ann Arbor Art Fair transforms the downtown streets into an art gallery featuring thousands of juried artists. In the fall, each football Saturday brings more than 100,000 people to town for tailgating and fill "The Big House" to watch the University of Michigan Wolverines. In the winter, holiday light festivals and the Ann Arbor Folk Festival are always crowd pleasers. April brings the thaw and a weekend unlike any other as we celebrate whimsy during FoolMoon and FestiFools. Described as an urban oasis, the Ann Arbor area is also the perfect four season destination for outdoor enthusiasts. You'll discover golf courses, trails groomed for hiking and cross-country skiing, some of the best canoeing and kayaking in southeastern Michigan along the twelfth nationally recognized water trail — the Huron River.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Property Condition: Excellent
Parking Type: Structure, Other
Parking Description: Street and structure parking.
Zoning Description: 5:10.19. - D1 and D2 downtown districts. (1) Intent. These districts, in coordination with the downtown character overlay zoning districts, are designed to support the downtown as the city's traditional center. The downtown serves both the region and local residents as a place to live, work, and take advantage of civic, cultural, educational, shopping, and entertainment opportunities. The downtown districts are intended to allow a mixture of land uses, dense urban development, pedestrian orientation, unique residential opportunities, and a compatible and attractive mix of historic and contemporary building design. Development in these districts is designed to be accessible by a variety of modes of transportation. (a) D1 - Downtown Core District. This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mixed residential, office and commercial development. (b) D2 - Downtown Interface District. This district is intended to be an area of transition between the Core and surrounding residential neighborhoods. This district is appropriate for medium density residential and mixed-use development. Relationship to downtown character overlay zoning districts. The D1 and D2 downtown zoning districts shall be further regulated by the downtown character overlay zoning districts. Unless otherwise specified in this chapter, regulations identified for both the downtown district and the applicable downtown character overlay zoning district shall apply. • 5:10.20. - Downtown character overlay zoning districts. (1) Intent. The purpose of these overlay zoning districts is to supplement the regulations for zoning districts in the downtown to reflect the diversity of historical and built environments within the downtown. These character overlay zoning districts account for differences in the existing street pattern, density, massing and design features that exist throughout the downtown, in addition to the intent of the city for the future development of each area. (a) South University. The South University character district lies along the southeastern edge of the University of Michigan Central Campus, which separates it from the other mixed use districts of downtown. This is an area characterized by a mix of building types and sizes, with retail uses at the street level and relatively narrow lot widths. The intent for this district is to maintain a variety in scale, with design that reflects the small-scale widths and heights of buildings in the area at the streetwall and locates taller portions toward the interior of the lot. The south university D2 character district lies just outside the DDA boundaries, adjacent to nearby residential neighborhoods. The intent for this district is to maintain a variety of small-scale commercial and retail enterprises mixed with some residential uses, minimizing the impact on nearby residential streets.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,445 127,952 175,152
Median Age: 24.83 33.34 34.56
Households: 10,259 52,902 72,515

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