Street-Facing Retail
For Lease
$40 SF/Yr
401-407 E Liberty St & 400 E Washington St, Ann Arbor, MI 48104
Five downtown storefront spaces near the University of Michigan with garage and street parking.
Space Size1,228 SF - 2,750 SF
Property Size28,360 SF
Days on Market94
Property Features for 401-407 E Liberty St & 400 E Washington St
General Information
Standard status
Active
Size
1,228 SF - 2,750 SF
Property subtype
Retail
Lease Term
MG; NNN
Additional Details
Space Use
Retail
Amenities
on-site parking garage
street parking
Building Details
Building Size
28,360 SF
Year Built
1972
Spaces For Lease
at 401-407 E Liberty St & 400 E Washington St Contact us- Size
- 2,408 SF
- Term
- Negotiable
400 E Washington $40/SF/Yr
- Size
- 1,228 SF
- Type
- Street Retail
- Term
- Negotiable
401 E Liberty $40/SF/Yr
- Size
- 1,597 SF
- Type
- Street Retail
- Term
- Negotiable
401 E Liberty $40/SF/Yr
- Size
- 2,750 SF
- Term
- Negotiable
401 E Liberty $45/SF/Yr
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Kevin Berke · License #6501351904
(248) 406-7114
Source:
Keystonecres
Added: Jun 1
Changed: Sep 1
Last Checked: Sep 1 at 4:43PM
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 provides five storefront spaces across the Town Centre complex, with addresses at 401–407 E Liberty St and 400 E Washington St. The improvements date to 1972 and are positioned for street-oriented commercial use in downtown Ann Arbor.
The property is near the University of Michigan, whose 2024 enrollment exceeded 52,800 students. The surrounding setting also benefits from substantial event activity, including the annual Ann Arbor Art Fair, which draws more than 400,000 attendees. On-site garage parking and street parking provide access for customers, employees, and visitors.
The property is near the University of Michigan, whose 2024 enrollment exceeded 52,800 students. The surrounding setting also benefits from substantial event activity, including the annual Ann Arbor Art Fair, which draws more than 400,000 attendees. On-site garage parking and street parking provide access for customers, employees, and visitors.
Key Highlights
- Five retail spaces within the Town Centre complex
- Addresses include 401–407 E Liberty St and 400 E Washington St
- Near the University of Michigan and its 52,800+ students enrolled in 2024
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,680
Businesses Nearby
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
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
This space is priced 66% above the average of $24.14 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Five downtown storefront spaces near the University of Michigan with garage and street parking.
Where is this retail space located?
The property is located at 401-407 E Liberty St & 400 E Washington St Ann Arbor, MI.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Five retail spaces within the Town Centre complex; Addresses include 401–407 E Liberty St and 400 E Washington St; Near the University of Michigan and its 52,800+ students enrolled in 2024
