Mixed-Use Property Near University of
For Sale
$8,100,000
111 S Main St Ann, Ann Arbor, MI 48104
Mixed-use property in downtown Ann Arbor, 100% occupied.
Property Size13,316 SF
Days on Market156
Property Features for 111 S Main St Ann
General Information
Standard status
Active
Size
13,316 SF
Property subtype
Mixed Use
Net Operating Income
$506,373
Building Details
Building Size
13,316 SF
Year Built
1901
Listing Agency:
Faris Lee Investments
(949) 633-2538
Listed By:
Hunter Steffien · License #CalDRE #02036521
(949) 633-2538
Source:
Farislee
Added: Mar 6
Changed: Aug 8
Last Checked: Apr 5 at 8:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
Located in downtown Ann Arbor, Michigan, at 111 S Main St, this mixed-use property presents an opportunity to acquire a fee simple interest. The property is positioned between downtown streets and the University of Michigan campus. The property has D-1 Zoning, which allows for vertical growth up to 20 stories. The property is located within walking distance of the University of Michigan. The property is currently 100% occupied with a mix of four tenants. The anchor tenant is Misty PC, a cannabis retailer. The property’s exclusive ‘Cannabis provisioning center’ permit gives the property long-term security for tenanting a cannabis user. The property is surrounded by growth in student housing and apartments.
Key Highlights
- Rare D‑1 Zoning allows for vertical growth up to 20 stories, offering significant development potential.
- Prime location in downtown Ann Arbor, adjacent to the University of Michigan, ensuring high foot traffic and visibility.
- 100% occupancy with a well‑curated tenant mix provides stable income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in downtown Ann Arbor, 100% occupied.
Where is this mixed-use property located?
The property is located at 111 S Main St Ann Ann Arbor, MI.
What is the asking price?
The asking price for this property is $8,100,000.
What are key features of this property?
This property features: Rare D‑1 Zoning allows for vertical growth up to 20 stories, offering significant development potential.; Prime location in downtown Ann Arbor, adjacent to the University of Michigan, ensuring high foot traffic and visibility.; 100% occupancy with a well‑curated tenant mix provides stable income.
