First-Floor Restaurant with
For Lease
$58 SF/Yr
316 S State St, Ann Arbor, MI 48104
Move-in ready restaurant space with a brick interior, open floor plan, and ample bar seating, plus basement storage.
Space SizeContact for details
Property Size5,508 SF
Days on Market335
Property Features for 316 S State St
General Information
Standard status
Active
Size
5,508 SF
Property subtype
Retail
Building Details
Building Size
5,508 SF
Listing Agency:
Oxford Companies
Listed By:
Brad Fenkell · License #6506049185
(734) 395-7135
Source:
Cpix.resimplifi
Added: Oct 7, 2025
Changed: Aug 15
Last Checked: Sep 5 at 3:44AM
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 Oxford Companies
Investment Insights
Based on property information with market context.
316 S. State St offers move-in ready, first-floor restaurant space with a brick interior and an open layout designed for table and booth seating. The space includes ample bar space, and it also features second-floor office space plus basement storage. Basement amenities include two walk-in fridges and additional restrooms.
The restaurant is located on a well-trafficked downtown street with pedestrian and driver traffic, directly across from the University of Michigan’s central campus. The building is also adjacent to the iconic Nickels Arcade, with multiple nearby restaurants and retail stores.
The configuration supports both front-of-house dining and back-of-house support, with dedicated basement storage and separate restroom access beyond the main dining area, along with office space on the second floor.
The restaurant is located on a well-trafficked downtown street with pedestrian and driver traffic, directly across from the University of Michigan’s central campus. The building is also adjacent to the iconic Nickels Arcade, with multiple nearby restaurants and retail stores.
The configuration supports both front-of-house dining and back-of-house support, with dedicated basement storage and separate restroom access beyond the main dining area, along with office space on the second floor.
Key Highlights
- Move‑in ready first‑floor restaurant space on S. State St in downtown Ann Arbor
- Directly across from the University of Michigan’s central campus
- Brick interior with an open floor plan for table and booth seating, plus ample bar space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$8.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,343
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Move-in ready restaurant space with a brick interior, open floor plan, and ample bar seating, plus basement storage.
Where is this conventional restaurant located?
The property is located at 316 S State St Ann Arbor, MI.
What is the lease rate?
The lease rate is $58 SF/Yr.
What are key features of this property?
This property features: Move‑in ready first‑floor restaurant space on S. State St in downtown Ann Arbor; Directly across from the University of Michigan’s central campus; Brick interior with an open floor plan for table and booth seating, plus ample bar space
