Downtown Ann Arbor Retail Space

Retail-Commercial for Lease
Catylist Listing ID: 30359694
Property Subtypes: Street Retail
Contiguous Space: 1,347 SF
Building Size (RSF): 1,347 SF
Gross Building Area: See Agent
Lease Rate: $50 PSF (Annual)
Base Monthly Rent: $5,612
Lease Types: Modified Gross
Building Name: Michigan Theater Building
Last Updated: 5/24/2019

Overview / Comments

Street retail space for lease in the heart of campus/downtown Ann Arbor next to the iconic Michigan Theater. Can be retail or restaurant. Space has high open ceilings with exposed duct work and 2 handicap accessible bathrooms. 3 compartment sink included and a partial basement that can be used for storage. Recently upgraded plumbing and HVAC systems. Lots of pedestrian traffic. Walking distance to restaurants, shops, municipal buildings and U of M campus. Municipal street, structure and lot parking.

Expand All Available Space

Suite: 535 1,347 SF $50 PSF (Annual) Modified Gross
Level/Floor: First
Space Available: 1,347 SF
Lease Rate: $50 PSF (Annual)
$5,612 (Monthly)
Lease Type: Modified Gross
Space Description: Street retail space in downtown Ann Arbor. Great location on campus.
Date Available: 12/13/2018
Lease Term: 60 Months
Space Type: Relet

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-108-023
Zoning: D1
Retail Clientele: General, Business
Property Located Between: State & Maynard
Property Visibility: Excellent
Largest Nearby Street: State Street
Highway Access: I-94, US-23, M-14
Airports: DTW, Ann Arbor
Area Description: Located in the heart of downtown Ann Arbor. Walkable area with retail, business, fitness, bars, cafes and restaurants, as well as downtown residences. Active, populous area, with busy nightlife and art/music scene. Close to Kerrytown shopping, farmers' market, Ann Arbor YMCA, and the Michigan and State Theatres. Minutes from UM Central Campus.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Structure, Surface, Other
Parking Description: Parking available in nearby municipal parking structure and at the door municipal street parking.
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: 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.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,404 114,509 164,587
Median Age: 24.5 33.37 34.28
Households: 11,301 46,779 68,223

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