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Downtown Ann Arbor Development Opportunity
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327-331 South Main Street, Ann Arbor, MI 48104

Proposed development site in the heart of Downtown Ann Arbor.

Property SizeContact for details
Days on Market346

Property Features for 327-331 South Main Street

General Information

Standard status Active
Property subtype Retail

Properties For Sale

at 327-331 South Main Street Contact us

1

Size
8,027 SF
Term
Negotiable
Contact us
Listing Agency: Ashford Homes LLC
Listed By: Eric Birnholtz
Source: Midamericagrp
Added: Sep 12, 2025 Changed: Aug 23 Last Checked: Aug 23 at 2:44AM

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 Ashford Homes LLC

Investment Insights

Based on property information with market context.

This newly proposed development site is located on S Main Street in Downtown Ann Arbor. The property consists of 0.185 acres and is zoned D1 (Downtown Core). The surrounding area features upscale restaurants, artisan cafes, vibrant marketplaces, and local boutiques. Downtown Ann Arbor is home to the University of Michigan, which hosts over 32,000 undergraduate and over 17,000 graduate students. The site is located less than 1 mile from Michigan Stadium, which has a seating capacity of 107,601.

Key Highlights

  • Prime Downtown Ann Arbor location on S Main Street.
  • D1 (Downtown Core) zoning offers diverse development possibilities.
  • Proximity to the University of Michigan (over 49,000 students).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service HVAC Service Kitchen & Bath Showroom Building Supply Nail Salon Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

3,569
Businesses Nearby

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?
Retail space - Proposed development site in the heart of Downtown Ann Arbor.
Where is this retail space located?
The property is located at 327-331 South Main Street Ann Arbor, MI.
What are key features of this property?
This property features: Prime Downtown Ann Arbor location on S Main Street.; D1 (Downtown Core) zoning offers diverse development possibilities.; Proximity to the University of Michigan (over 49,000 students).
More about this property
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