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Three-Level Downtown Restaurant
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For Sale
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215 N Main St, Ann Arbor, MI 48104

Operating food-and-beverage venue with separate dining, bar, nightclub, event, and live-entertainment areas.

Property Size9,672 SF
Price / SF$1.24
Days on Market4

Property Features for 215 N Main St

General Information

Standard status Active
Size 9,672 SF
Property subtype Retail
Zoning D1 (Mixed-Use Downtown Core)
Lease Term NNN

Restaurant

Equipment Included Yes
Liquor License Yes

Additional Details

Furnished Yes

Building Details

Stories 3

Properties For Sale

at 215 N Main St Contact us

215 N Main

Size
9,672 SF
Type
Street Retail
Term
Negotiable
Contact us
Listing Agency: Swisher Commercial
Listed By: Jeff Evans · License #MI #6506045981
Source: Swishercommercial
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 11 at 5:09AM

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.

This 9,672-square-foot restaurant and entertainment property occupies three operating levels in downtown Ann Arbor. The lower level contains a bar and entertainment area, while the main floor combines a restaurant and beer hall. An upper-level nightclub and event venue includes a stage suited to live entertainment. Restaurant equipment, furniture, fixtures, and a liquor license are included.

The property carries D1 (Mixed-Use Downtown Core) zoning and has operated at its current location since 1964, following a restaurant operation dating to 1961. Original restored murals remain in the main dining area. The surrounding downtown setting includes restaurants, retail, offices, and residences, with access to public parking, public transit through TheRide bus service, and a walkable connection to the University of Michigan campus.

Key Highlights

  • 9,672 SF restaurant, bar, and entertainment property across three distinctive operating levels
  • Lower‑level bar and entertainment area, main‑floor restaurant and beer hall, and upper‑level nightclub and event venue
  • Stage and live‑entertainment capabilities included in the upper‑level event space

Property Analytics

Current Use

Chi Construction Engineering Engineer Starling Center Business Management Consultant The Rathskeller Bar & Pub Heidelberg Restaurant & Bar Restaurant Club Above Nightclub

Suggested Use

Top Pick Electrical Service HVAC Service Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

3,510
Businesses Nearby
Under-served
Demand for This Use

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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating food-and-beverage venue with separate dining, bar, nightclub, event, and live-entertainment areas.
Where is this conventional restaurant located?
The property is located at 215 N Main St Ann Arbor, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 9,672 SF restaurant, bar, and entertainment property across three distinctive operating levels; Lower‑level bar and entertainment area, main‑floor restaurant and beer hall, and upper‑level nightclub and event venue; Stage and live‑entertainment capabilities included in the upper‑level event space
More about this property
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