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Ann Arbor Cocktail & Coffee Lounge

413 E Huron Street Suite C, Ann Arbor, MI 48104

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For Sale

Contact for pricing

Turnkey cocktail and coffee lounge in downtown Ann Arbor.

Type:Business for Sale, Retail

Property size:

2,320 SF

Price / SF:

$258/SF

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Contact for Pricing

Please call us for current price
and status of this listing

Robert Struk

Real Estate License ID: MI

HighLights

Turnkey business in a prime downtown Ann Arbor location.
Includes a transferable Class C liquor license (Outdoor service area, Sunday sales, Spirits & Mixed Spirit Drinks).
10‑year lease with a 5‑year renewal option.
Seats 74 patrons in a 2320 sq ft space with an open patio.
State‑of‑the‑art kitchen and beverage equipment.
Diverse menu includes cocktails, coffee, espresso, tea, flatbreads, beer, liquor, and wine.

For Sale

Contact for pricing

Turnkey cocktail and coffee lounge in downtown Ann Arbor.

Type:Business for Sale, Retail

Property size:

2,320 SF

Price / SF:

$258/SF

Added:: Oct 19, 2024
Days on Market:: 626
Last Refresh:: Jun 28 at 3:45 am

Property Features for 413 E Huron Street Suite C

General Information

Standard status: Active
Size: 2,320 SF
Property subtype: Business for Sale, Retail

Building Details

Year Built: 2024

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Contact an agent

Robert Struk

Listing office CENTURY 21 Curran & Oberski Dearborn Heights

Listing date Oct 19, 2024

Source Crexi

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 Curran & Oberski Dearborn Heights

HighLights

Turnkey business in a prime downtown Ann Arbor location.
Includes a transferable Class C liquor license (Outdoor service area, Sunday sales, Spirits & Mixed Spirit Drinks).
10‑year lease with a 5‑year renewal option.
Seats 74 patrons in a 2320 sq ft space with an open patio.
State‑of‑the‑art kitchen and beverage equipment.
Diverse menu includes cocktails, coffee, espresso, tea, flatbreads, beer, liquor, and wine.

Overview

This 2320 square foot cocktail and coffee lounge is located on the ground floor of the Foundry Lofts building in downtown Ann Arbor. The establishment seats up to 74 patrons and offers a variety of cocktails, coffee, gourmet espresso, tea, and fresh baked flatbreads, along with a wide selection of draft beers, liquors, and wine. An open and airy patio seating area allows patrons to enjoy beverages outdoors. The interior features comfortable seating, music, and the aroma of fresh roasted coffee. Customers have the option to sit and stay or grab and go. TVs behind the bar broadcast sporting events. The business opportunity includes a transferable Class C liquor license (Outdoor service area, Sunday sales, Spirits & Mixed Spirit Drinks) and a 10-year lease with a 5-year renewal option. The lounge is a destination for martinis and high-end brews, offering a space where tradition and craftsmanship converge. The business is located in a community-oriented area, offering opportunities to advertise for local events and promote local artists and businesses.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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

—

no second resolved use

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

Similar Places Nearby

Starbucks — 701 Tappan Ave, Ann Arbor, MI 48109
Argus — 424 cross st, ann arbor, mi 48104
Brown Jug Restaurant — 1204 S University Ave, Ann Arbor, MI 48104
The Garage Bar — 618 Church St, Ann Arbor, MI 48104
Good Time Charley's — 1140 S University Ave, Ann Arbor, MI 48104

Location Insight

Map
Local Demand

City: Ann Arbor
County: Washtenaw
State: Michigan
Longitude: -83.7431975
Latitude: 42.2815871

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For sale
Bars & Pubs
MI
Ann Arbor
48104
413 E Huron Street Suite C

What type of property is this?

Bar & Pub - Turnkey cocktail and coffee lounge in downtown Ann Arbor.

Where is this bar & pub located?

The property is located at 413 E Huron Street Suite C 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: Turnkey business in a prime downtown Ann Arbor location.; Includes a transferable Class C liquor license (Outdoor service area, Sunday sales, Spirits & Mixed Spirit Drinks).; 10‑year lease with a 5‑year renewal option.