New Construction Retail
For Lease
$50 SF/Yr
1215 S University Ave, Ann Arbor, MI 48104
Flexible retail configuration in Ann Arbor’s South University corridor with access to campus-area parking.
Space Size6,000 SF - 12,000 SF
Days on Market3805
Property Features for 1215 S University Ave
General Information
Standard status
Active
Size
6,000 SF - 12,000 SF
Net Rentable
6,000 SF
Property subtype
Retail
Zoning
D1 (Core Downtown Mixed Use)
Space & Availability
Available Space
6,000-12,000 SF
Contiguous Space
12,000 SF
Divisible
Yes
Space Use
Office
Sublease
No
Amenities
high visibility
campus foot traffic
parking access
Building Details
Building Size
12,000 SF
Buildings
1
Stories
2
Listing Agency:
Swisher Commercial
Listed By:
Randy Maas · License ##6506046436
(734) 649-8761
Source:
Cpix.resimplifi
Added: Apr 4, 2016
Changed: Aug 30
Last Checked: Aug 30 at 7:06PM
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 Swisher Commercial
Investment Insights
Based on property information with market context.
Proposed new construction retail space at 1215 S University Ave in Ann Arbor, with a planned area of 6,000 to 12,000 square feet. The property can be configured for one occupant or divided into multiple premises, and ownership will deliver the layout for a committed tenant. D1 (Core Downtown Mixed Use) zoning supports the stated retail configuration.
The site is directly adjacent to South University Towers and near the University of Michigan central campus, with surrounding student housing and academic buildings. Street parking and access to the S. Forest parking structure serve the property, while the South University corridor provides year-round pedestrian activity associated with the campus setting.
The site is directly adjacent to South University Towers and near the University of Michigan central campus, with surrounding student housing and academic buildings. Street parking and access to the S. Forest parking structure serve the property, while the South University corridor provides year-round pedestrian activity associated with the campus setting.
Key Highlights
- 6,000 to 12,000 square feet available
- Retail configuration with potential for a single user or divisible layout
- D1 (Core Downtown Mixed Use) zoning
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$7.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,109
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
Market
Lease Benchmarks for Ann Arbor, MI
$24.14 /SF/Yr
Avg Asking Price
$1.3–$60 /SF/Yr
Price Range
6,845 SF
Avg Space Size
This space is priced 107% above the average of $24.14 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible retail configuration in Ann Arbor’s South University corridor with access to campus-area parking.
Where is this retail space located?
The property is located at 1215 S University Ave Ann Arbor, MI.
What is the lease rate?
The lease rate is $50 SF/Yr.
What are key features of this property?
This property features: 6,000 to 12,000 square feet available; Retail configuration with potential for a single user or divisible layout; D1 (Core Downtown Mixed Use) zoning
