307 South Main Street, Ann Arbor, MI 48104
Established Indian restaurant offering a full kitchen and a lower-level event space with a full bar for group dining and parties.
- Added:
- Jun 18, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 6:20 am
Property Features for 307 South Main Street
General Information
- Standard status
- Active
- Size
- 5,003 SF
- Property subtype
- Business for Sale
Listing office Colliers - Ann Arbor, Michigan (734) 994-3100
Listing date Jun 18, 2026
Source Crexi
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HighLights
- Established Indian restaurant at 307 S. Main Street in downtown Ann Arbor
- North Indian, tandoori, and mughlai cuisines with steady, year‑round demand sources listed
- Full kitchen with two (2) hoods and a walk‑in cooler
- Lower‑level event space with a full bar for group dining, private parties, and special events
- On‑site elevator for guest accessibility
Overview
The property is located at 307 S. Main Street in downtown Ann Arbor, positioned along a restaurant corridor with exposure to University of Michigan students and faculty, downtown office workers, residents, tourists, and event traffic. The remarks indicate steady, year-round demand tied to local nightlife and major community and campus activity, including major sporting events, graduation ceremonies, conferences, and the Ann Arbor Art Fair.
For operators or investors seeking a turn-key restaurant concept with an existing brand and more than 10 years of operation, the space is built to support both regular service and additional capacity for group dining. The presence of a full bar in the lower-level event area adds flexibility for private parties and special events, while the core kitchen and storage improvements support day-to-day functionality.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.1k | $18.60 |
| − Vacancy | −$5.1k | −$1.02 |
| EGI | $87.9k | $17.58 |
| − OpEx | −$22.0k | −$4.39 |
| NOI | $66.0k | $13.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.7487799
- Latitude
- 42.2835932
