100 S 4th Ave - Apartments CONDO FOR SALE


Ann Arbor, MI 48104- Downtown Ann Arbor
$425,000 USD
734-926-0222
100 S 4th Ave, Ann Arbor, MI for Sale
$425,000 USD
Apartments CONDO - FOR SALE
1/23
null | Request Cap Rate

100 S 4th Ave
Ann Arbor, MI 48104
Downtown Ann Arbor


HIGHLIGHTS

  • Downtown Ann Arbor location one block off Main Street and two blocks from Kerrytown
  • Beer, wine, mead, and cider capabilities
  • Secure lease through February 2028 with two additional fiveyear renewal options

OVERVIEW

OFFERING SUMMARY Sale Price: $425,000 Value of Included Equipment/Buildout FF&E Cost: $270,000 Buildout Cost: $430,000 A comparable establishment of this functionality would take an estimated 18+ months to create. Located in the heart of downtown Ann Arbor, this lively, modern, light-filled taproom is one block off of Main Street and two blocks from Kerrytown. The 2,900sf space with separate shared bathrooms is thoughtfully designed with areas for both taproom and production, and flexible options for events and expanded production operations. A glass roll-up door within the seating area allows for private events or community events, even during public hours. The seating area is equipped with modern birch booths, custom cherry tables, and modern finishings. Perfectly located to capture downtown foot traffic from game days, farmers markets, Midnight Madness, Summer Fest, Art Fair, and general downtown townies and tourists alike, especially as part of the Main Street Social District. With weekly events such as board game night, trivia, yoga, and comedy, the taproom is known for its bright, stylish, and welcoming environment. With all recipes and equipment available to continue as Ann Arbor’s only operating cidery (serving beer, wine, and mead, as well), the space would also lend itself efficiently to future brewery or restaurant integrations. Patio: Front of the taproom is equipped with a glass roll-up door, facilitating daytime deliveries and offering an inviting storefront for foot traffic and access to sidewalk patio seating. Brewing: Five 15BBL jacketed customized bright beer tanks for fermentation and conditioning, a large walk-in cooler with direct taps, five 7BBL single wall serving tanks, a Wild Goose WG1 canning line, keg washer, glycol chiller, and many other pieces of equipment and accessories. Licenses: All licenses are current, including a small winemakers license, brewery license, sidewalk patio permits, music and movie licensing, health department, Main Street social district licensing, and membership to multiple downtown business associations.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

80%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courthouse Square

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

176,143 SF

STORIES

11

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

D1

APN/PARCEL ID

09-29-132-002

ASK ABOUT THIS PROPERTY

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734-926-0222

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