Downtown Ann Arbor - Retail

Retail-Commercial for Lease
Catylist Listing ID: 30048864
Property Subtypes: Street Retail
Contiguous Space: 4,026 SF
Building Size (RSF): 4,026 SF
Gross Building Area: 8,072 SF
Gross Land Area: 0.09 Acres
Lease Rate: $55 PSF (Annual)
Base Monthly Rent: $18,452
Lease Types: NNN
Ceiling: 12 ft.
Usable Size (USF): 4,026 SF
Last Updated: 12/14/2017

Overview / Comments

Great location on the main corridor between State Street and Main Street. Highly visible with tons of foot traffic. Large windows, tall ceilings, two bays with tin ceilings, hardwood floors, Basement.

Expand All Available Space

Suite: 619 4,026 SF $55 PSF (Annual) NNN
Level/Floor: 1st
Space Available: 4,026 SF
Lease Rate: $55 PSF (Annual)
$18,452 (Monthly)
Lease Type: NNN
Space Description: Wide open space with lots of windows.
Date Available: 3/30/2017
Lease Term: 60 Months
Space Type: Relet
Tax Expenses $1.80 PSF (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-108-008
Zoning: D1 - CBD
Retail Clientele: General, Family, Tourist
Property Located Between: S. State St & S. Division
Property Visibility: Excellent
Largest Nearby Street: Liberty
Feet of Frontage: 61
Highway Access: Downtown Ann Arbor is centrally located between I-94, M-14 and US-23. Easy access to all major east/west - north/south highways.
Airports: Ann Arbor Airport, Willow Run & Detroit Metro
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,026 SF
Property Condition: Good
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Structure, Surface
Parking Description: Ample on street metered parking and close to Maynard parking structure.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: DSL
Zoning Description: C1A campus business district. This business district is designed primarily to serve as a neighborhood shopping area for the University-oriented population which is concentrated around it, providing goods that are day-to-day needs, specialty shops and recreation. While the primary function of this district is to serve as a neighborhood shopping area for the student/faculty population concentrated around it, it also has a community-wide orientation due to its unique and distinctive commercial function peculiar to university-oriented population. These districts shall be located in close proximity to the central area of the city. Permitted principal uses. (a) Any principal use permitted in the C1 local business district and the C1B community convenience center district. Retail sales and personal service shop uses may occupy a total floor area not in excess of 8,000 square feet, however, retail stores primarily engaged in selling food for home preparation and consumption may occupy a total floor area not in excess of 15,000 square feet. C2A central business district. These districts are designed to serve the central retail marketing function of the entire Ann Arbor trade area which extends at least halfway to surrounding cities of comparable size. A prime characteristic of these districts is a core of intense pedestrian activity. Most persons entering the district will come by automobile and typically will park once to carry out several errands. The economic welfare of merchandising activities in these districts depend on the intense development of comparison shopping. In these districts each establishment contributes to the whole shopping center by adding to the variety of goods available and to the comparison shopping opportunities. This essentially interdependence of activities is given precedence in the regulation and the future planning of the district over any desire to permit automobiles to come directly to each establishment. Provision is made in the C3 district for these uses that need to have the customer come directly to each establishment. Office building activities are compatible with the purpose of the district as long as adequate and convenient automobile parking can be provided for both the office and the retail merchandising activity.
Lot Frontage: 61
Lot Depth: 60
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,404 114,509 166,550
Median Age: 24.5 33.37 34.25
Households: 11,301 46,779 69,184


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