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Multi-Space Street Retail
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401-407 E Liberty St, Ann Arbor, MI 48104

Five retail spaces offer downtown storefront exposure with on-site garage and street parking.

Space SizeContact for details
Days on Market131

Property Features for 401-407 E Liberty St

General Information

Standard status Active
Property subtype Retail
Zoning D1

Additional Details

Space Use Retail

Amenities

on-site garage parking
street parking
Listing Agency: Keystone Commercial Real Estate
Listed By: Kevin Berke · License #6501351904
Source: Cpix.resimplifi
Added: Apr 27 Changed: Aug 30 Last Checked: Aug 30 at 6:59AM

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 Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail property comprises five street-facing spaces within Town Centre, with zoning designated D1. The spaces are positioned at 401–407 E Liberty St and 400 E Washington St, providing a multi-suite format for retail occupancy in downtown Ann Arbor.

The property is near the University of Michigan, which enrolled 52,800+ students in 2024. The Ann Arbor Art Fair draws 400,000+ attendees in July, adding a significant annual event presence to the surrounding area. On-site garage parking and street parking support customer and visitor access.

Key Highlights

  • Five street retail spaces within Town Centre
  • D1 zoning
  • Addresses include 401–407 E Liberty St and 400 E Washington St

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service HVAC Service Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Pet 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,680
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

Lease Benchmarks for Ann Arbor, MI

$24.14 /SF/Yr
Avg Asking Price
$1.3–$60 /SF/Yr
Price Range
6,845 SF
Avg Space Size

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 - Five retail spaces offer downtown storefront exposure with on-site garage and street parking.
Where is this retail space located?
The property is located at 401-407 E Liberty St Ann Arbor, MI.
What are key features of this property?
This property features: Five street retail spaces within Town Centre; D1 zoning; Addresses include 401–407 E Liberty St and 400 E Washington St
More about this property
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