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Restored Three-Story Mixed-Use Building
For Sale
$8,999,999

400 N River Street, Ypsilanti, MI 48198

Historic property with restaurant, bar, outdoor gathering areas, and 20 loft residences.

Property SizeContact for details
Days on Market18

Property Features for 400 N River Street

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $19,325

Building Details

Year Built 1861
Buildings 1
Listing Agency:
Listed By: Miller Real Estate
Source: Millerrealestate.idxbroker
Added: Aug 13 Changed: Aug 29 Last Checked: Aug 25 at 8:15AM

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 Miller Real Estate

Investment Insights

Based on property information with market context.

The Thompson Block is a restored three-story Italianate mixed-use building dating to 1861, with historic character preserved throughout the property. The ground level contains Thompson & Co. restaurant and Mash bar, along with outdoor gathering areas. Twenty loft residences occupy the upper floors and are designed around the building’s historic architecture and contemporary residential amenities.

Positioned at the gateway to Ypsilanti’s historic Depot Town, the building occupies a highly visible corner location at 400 N River Street. The property has received a Governor’s Award for Historic Preservation. The offering includes the real estate only; the restaurant business is excluded and remains in operation under its existing commercial lease.

Key Highlights

  • Three‑story Italianate mixed‑use building originally built in 1861
  • 20 loft residences on the upper floors
  • Street‑level restaurant and bar tenancy

Property Analytics

Current Use

Thompson & Co. Restaurant Mash Bar & Pub

Suggested Use

Top Pick Dental Office Electrical Service Furniture & Home Goods HVAC Service Real Estate Agency Daycare Center

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

1,220
Businesses Nearby

Demographics for 48198, MI

40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic property with restaurant, bar, outdoor gathering areas, and 20 loft residences.
Where is this mixed-use property located?
The property is located at 400 N River Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $8,999,999.
What are key features of this property?
This property features: Three‑story Italianate mixed‑use building originally built in 1861; 20 loft residences on the upper floors; Street‑level restaurant and bar tenancy
More about this property
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