450 S Main St Ann Arbor, MI 48104

Listing agency CLG Realty Advisors Show Phone

Listed by Christopher Breneman · License #MI 6501385709

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:05AM Checked: Jul 21 at 12:05AM

Report an Issue

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 CLG Realty Advisors

---

Investment Insights

Based on property information with market context.

This offering presents a rare business opportunity with two levels already designed for cannabis-focused operations. The ground-level floor is currently built out and licensed as a dispensary. The second floor is in the process of being licensed as a consumption lounge, with licensing status moving forward from its current stage.

The property is located in downtown Ann Arbor, approximately half a mile from the University of Michigan. The seller notes that the transaction sale does not include real estate, and land contract and lease terms are available.

The seller also references a monthly rent amount of $11,000 assumed by the new buyer. Interested parties should confirm all deal terms and licensing details during due diligence.

Key Highlights

• Ground‑level retail space is currently licensed as a dispensary
• Second‑floor consumption lounge is under licensing in process
• Monthly rent of $11,000 is assumed by the new buyer

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,000,000

  5,003 SF

  Restaurant with Event Space and Full Bar

  Established Indian restaurant offering a full kitchen and a lower-level event space with a full bar for group dining and parties.

  307 South Main Street, Ann Arbor, MI 48104

  View Details
• 

  $1,400,000

  12,000 SF

  Light Industrial Building with Offices

  12,000 SF light industrial building with 2,500 SF of office space and a warehouse featuring multiple drive-in and garage doors.

  287 Jackson Plaza, Ann Arbor, MI 48103

  View Details
• 

  $525,000

  1,982 SF

  High-Visibility Commercial Building on Washtenaw

  Stand-alone building on high-traffic corridor, ideal for redevelopment.

  4837 Washtenaw Ave | Ann Arbor, MI 48108

  View Details
• 

  $150,000

  2,400 SF

  Ann Arbor Restaurant Business Opportunity

  Turnkey Asian restaurant near University of Michigan campus for sale.

  1220 S University Avenue, Ann Arbor, MI 48104

  View Details
• 

  $999,900

  3,000 SF

  Office Building with Parking

  Versatile office space with adaptable rooms, generous storage, and abundant parking, zoned C-1 Business.

  1621 Plymouth Rd, Ann Arbor, MI 48105

  View Details
• 

  $9,700,000

  28,233 SF

  Retail and Office Building

  Retail and office building at 96.6% occupancy, positioned for investors seeking an income-producing property.

  333 Maynard Street, Ann Arbor, MI 48104

  View Details
• 

  $4,225,000

  4,724 SF

  Freestanding Restaurant with Drive-Through

  4,724 SF restaurant with drive-through, excellent visibility, ample parking.

  5340 Jackson Rd, Ann Arbor, MI 48103

  View Details
• 

  $2,400,000

  5,720 SF

  Mixed-Use Corner Retail Office

  Fully occupied three-unit property with separate meters and rear parking on a high-visibility corner.

  120 N 4th Ave, Ann Arbor, MI 48104

  View Details
• 

  $2,200,000

  3,380 SF

  Two-Story Campus Investment Property

  3,380 SF property near University of Michigan's Central Campus.

  709 N University Ave, Ann Arbor, MI 48105

  View Details
• 

  $1,400,000

  2,674 SF

  Golf Driving Range with Covered Tees

  Operating golf driving range with a golf shop, covered tee area, and a clubhouse overlooking a pond.

  2735 S Zeeb Rd, Ann Arbor, MI

  View Details
• 

  $2,900,000

  7,837 SF

  Renovated Office Suite with Rear Garage

  Recently renovated office building with modern HVAC, air filtration, and multiple office configurations, plus on-site parking and rear garage.

  3989 Research Park Dr, Ann Arbor, MI 48108

  View Details
• 

  $1,075,000

  3,624 SF

  Downtown Ann Arbor Mixed-Use Building

  Prime location with retail and office/residential potential.

  208 E Washington St, Ann Arbor, MI 48104

  View Details

FAQs

What type of property is this?

Retail space - Ground-level retail is licensed as a dispensary, with a second-floor consumption lounge under licensing in process.

Where is this retail space located?

The property is located at 450 S Main St Ann Arbor, MI.

What are key features of this property?

This property features: Ground‑level retail space is currently licensed as a dispensary; Second‑floor consumption lounge is under licensing in process; Monthly rent of $11,000 is assumed by the new buyer