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Three-Level Restaurant and Bar
New
For Lease
$14.89 SF/Yr

215 N Main St, Ann Arbor, MI 48104

Operating hospitality venue with restaurant equipment, furnishings, fixtures, and liquor license included.

Space SizeContact for details
Property Size9,672 SF
Days on Market4

Property Features for 215 N Main St

General Information

Standard status Active
Size 9,672 SF
Property subtype Retail
Zoning D1
Lease Type Vacant/Owner-User

Additional Details

Space Use Restaurant

Building Details

Building Size 9,672 SF
Stories 3
Listing Agency: Swisher Commercial
Listed By: Jeffrey Evans · License ##6506039255
Source: Cpix.resimplifi
Added: Aug 6 Changed: Aug 9 Last Checked: Aug 9 at 7:29AM

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 SF restaurant property is arranged across three operating levels with distinct hospitality functions. The lower floor provides bar and entertainment space, while the main level is configured for restaurant and beer hall service. The upper floor offers an open nightclub and private-event venue with stage amenities, live-entertainment infrastructure, and acoustics suited to performances and gatherings. Furniture, fixtures, restaurant equipment, and a liquor license are included with the lease.

The property at 215 N Main St has operated at its current location since 1964 and is positioned within downtown Ann Arbor’s Main Street restaurant and entertainment corridor. Surrounding uses include restaurants, bars, retail, offices, and residences, with municipal street and structure parking nearby. The site is walkable to the University of Michigan campus and public transit served by TheRide.

Zoned D1 – Mixed Use Downtown Core, the property is open and operating with separate spaces for dining, bar service, nightlife, live entertainment, and private events.

Key Highlights

  • 9,672 SF restaurant, bar, and entertainment venue at 215 N Main St
  • Three operating levels with restaurant, bar, nightclub, and event spaces
  • Restaurant equipment, furniture, fixtures, and liquor license included with lease

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

NNN (Triple Net)
Lease Type
$2.23 /SF/Yr
CAM

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating hospitality venue with restaurant equipment, furnishings, fixtures, and liquor license included.
Where is this conventional restaurant located?
The property is located at 215 N Main St Ann Arbor, MI.
What is the lease rate?
The lease rate is $14.89 SF/Yr.
What are key features of this property?
This property features: 9,672 SF restaurant, bar, and entertainment venue at 215 N Main St; Three operating levels with restaurant, bar, nightclub, and event spaces; Restaurant equipment, furniture, fixtures, and liquor license included with lease
More about this property
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