507-511 S Ashley St - Storefront Retail/Office FOR SALE


Ann Arbor, MI 48103- Old West Side
$800,000 USD
734-662-3617
507-511 S Ashley St, Ann Arbor, MI for Sale
$800,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | Request Cap Rate

507-511 S Ashley St
Ann Arbor, MI 48103
Old West Side


HIGHLIGHTS

  • Less than a mile from the University of Michigan campus Corner lot, one block from Main St. entertainment district.
  • Situated with street and municipal parking options within walking distance Suitable for tech hubs, specialty shops, or a gourmet market.
  • Offers the flexibility to create a unique commercial space Spacious social areas and storage facilities.
  • Large, versatile building with D2 zoning Expansive open areas and overhead doors for easy access.

OVERVIEW

Commercial Opportunity in Downtown Ann Arbor. Exceptional Commercial Opportunity in Ann Arbor’s Old Westside. A prime commercial property located in the heart of Ann Arbor’s historical Old Westside. This unique listing boasts a large, versatile building with D2 zoning. Corner lot just one block from the bustling Main St. entertainment district, this property puts you at the center of Ann Arbor's vibrant cultural and social scene. Whether it’s dining, shopping, or entertainment, everything is just a short walk away. The existing facility is 3,616 SF and features expansive open areas, and overhead doors for easy access and operations. The interior spaces are easily adaptable to various business needs, from a dynamic retail space to creative office environments. Situated with street and municipal parking options within walking distance, this property offers exceptional convenience for both employees and visitors. The four large garage-style doors enhance the accessibility and flexibility of the space. Proximity to Key Attractions: Less than a mile from the University of Michigan campus and the iconic Big House, the location ensures high foot traffic and visibility, perfect for any business aiming to capitalize on the university crowd and game-day festivities. The expansive layout and strategic location provide a blank canvas for innovators looking to transform the space to suit other business ventures such as tech hubs, specialty shops, or a gourmet market. Invest in a property that offers the flexibility to dream big and create a unique commercial space in one of Ann Arbor’s most sought-after locations. Explore the potential and capitalize on the opportunity to be a part of this thriving community.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

D2

APN/PARCEL ID

09-29-412-012

ASK ABOUT THIS PROPERTY

Scott SchmunkSwisher CommercialMore Info
734-662-3617

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Scott SchmunkSwisher CommercialMore Info
734-662-3617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.