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    Cocktail and Coffee Lounge Opportunity Title is generated by Realmo AI

    413 E Huron St, Ann Arbor, MI

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    Established cocktail and coffee lounge for sale in Ann Arbor.

    Type:OFFICE
    Property size:
    2,320 SF
    Lot size:
    0.74 Acres
    Price / SF:
    $258/SF
    Added:
    Jul 10, 2025
    Days on Market:
    336
    Last Refresh:
    May 20 at 8:49 pm

    Property Features for 413 E Huron St

    General Information

    Standard status
    Active
    Size
    2,320 SF
    Lot size
    0.74 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Robert Struk

    Listing agent Robert Struk

    Listing office Century 21 Commercial Curran & Oberski | Dearborn Heights

    Listing date Jul 10, 2025

    Source Moodyscre

    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 Century 21 Commercial Curran & Oberski | Dearborn Heights

    HighLights

    • Established cocktails and coffee lounge with a capacity of 74 patrons.
    • Located on the ground floor of the Foundry Lofts building.
    • Spacious 2320 sq ft operation.
    • Offers a variety of cocktails, coffee, gourmet espresso, tea, and fresh baked flatbreads.
    • Features a wide selection of draft beers, liquors, and wine.
    • Business opportunity combining historical elegance with modern mixology and coffee artistry.

    Overview

    The 1824 Cocktails & Coffee lounge is a 2320 square foot establishment with seating for up to 74 patrons. Located on the ground floor of the Foundry Lofts building, this business offers a variety of cocktails, coffee, gourmet espresso, tea, and fresh baked flatbreads. A wide selection of draft beers, liquors, and wine are also available.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.2k $18.60
    − Vacancy −$2.4k −$1.02
    EGI $40.8k $17.58
    − OpEx −$10.2k −$4.39
    NOI $30.6k $13.18
    2,320 SF · lease $18.60/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $436.9K
    $382.3K – $509.7K (±1% cap)
    NOI $30,584 @ 7.0% cap · market cap 5.10%
    Second Best
    Retail
    $392.5K
    $343.5K – $458.0K (±1% cap)
    NOI $27,478 @ 7.0% cap · market cap 4.58%
    Theoretical Best
    Office A
    $512.4K
    $448.3K – $597.8K (±1% cap)
    NOI $35,867 @ 7.0% cap · market cap 5.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foundry Lofts Student Housing Center 7-Eleven Grocery & Convenience Store Western Union Bank StoneFruit Social Bar & Pub KeyMe Locksmiths Locksmith

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Revive & Replenish — 619 E University Ave, Ann Arbor, MI 48104
    • Blue Market — 540 Thompson St, Ann Arbor, MI 48104
    • Blue Café — 600 E Madison St, Ann Arbor, MI 48109
    • Moon Cafe — 812 S State St, Ann Arbor, MI 48104
    • Great Lakes Coffee — 701 packard st, ann arbor, mi 48104

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7432
    Latitude
    42.2816

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    FAQs

    What type of property is this?
    Coffee shop - Established cocktail and coffee lounge for sale in Ann Arbor.
    Where is this coffee shop located?
    The property is located at 413 E Huron St Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Established cocktails and coffee lounge with a capacity of 74 patrons.; Located on the ground floor of the Foundry Lofts building.; Spacious 2320 sq ft operation.
    (313) 506-1468 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Struk
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