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    507-511 S Ashley St Ann Arbor, MI 48103

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    For Sale
    $800,000

    Prime commercial property in Ann Arbor's Old Westside with D2 zoning.

    Lot size:
    0.18 Acres

    Property Features for 507-511 S Ashley St

    General Information

    Lot size
    0.18 Acres

    Source: Swisher Commercial Agent Scott Schmunk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ann Arbor Commercial Property For Sale

    Located in Ann Arbor’s historical Old Westside, this commercial property offers a versatile building with D2 zoning. The property is situated on a corner lot, one block from the Main St. entertainment district. The existing 3,616 SF facility features expansive open areas and overhead doors. Interior spaces are adaptable to various business needs, including retail or creative office environments. Accessibility is enhanced by street and municipal parking options within walking distance, along with four large garage-style doors. The property is less than a mile from the University of Michigan campus and the Big House, ensuring high foot traffic and visibility. The expansive layout and strategic location provide opportunities for business ventures such as tech hubs, specialty shops, or a gourmet market.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7498513
    Latitude
    42.2759386

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    FAQs

    What type of property is this?
    Retail space - Prime commercial property in Ann Arbor's Old Westside with D2 zoning.
    Where is this retail space located?
    The property is located at 507-511 S Ashley St Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Prime location one block from Main St. entertainment district in Ann Arbor's Old Westside.; - 3,616 SF versatile building with D2 zoning suitable for various business needs.; - High foot traffic and visibility due to proximity (less than a mile) to the University of Michigan campus and the Big House.
    (734) 223-0278
    Request Owner's contact information
    507-511 S Ashley St Ann Arbor, MI 48103
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    Ann Arbor, MI 48103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507-511 S Ashley St Ann Arbor, MI 48103
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