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500 East Washington Street, Ann Arbor, MI 48104

Mixed-use retail and office spaces in downtown Ann Arbor with an attached parking garage and street parking access.

Space Size18,567 SF - 24,606 SF
Property Size43,173 SF
Days on Market168

Property Features for 500 East Washington Street

General Information

Standard status Active
Size 18,567 SF - 24,606 SF
Class A
Property subtype Office

Amenities

parking garage
street parking

Building Details

Building Size 43,173 SF

Spaces For Lease

at 500 East Washington Street Contact us

First Floor

Size 18,567 SF
Term Negotiable
Rate Contact for pricing
Contact us

Lower Level

Size 24,606 SF
Term Negotiable
Rate Contact for pricing
Contact us
Listing Agency: Keystone Commercial Real Estate
Listed By: Kevin Berke · License #6501351904
Source: Keystonecres
Added: May 7 Changed: Oct 15 Last Checked: Oct 20 at 7:24PM

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

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Liberty Square offers two available spaces combining retail and office use in downtown Ann Arbor at 500 E Washington Street. The property is positioned for high pedestrian activity and provides both on-site parking support and street-level access.

The building is located steps from the University of Michigan and is surrounded by heavy foot traffic. It also features an attached parking garage and available street parking, supporting convenient customer and employee access.

Area context includes a large University of Michigan enrollment and substantial seasonal visitation tied to the Ann Arbor Art Fair, supporting strong circulation in the immediate area.

Key Highlights

  • Mixed‑use retail and office space in downtown Ann Arbor at 500 E Washington Street
  • Steps from the University of Michigan
  • Attached parking garage plus street parking for tenant and visitor access

Property Analytics

Current Use

The International CBASP Society Physician Liberty Square Business Service Center Isaiah Sypher Physician Heidi Westerman Physician Themba Carr Physician

Suggested Use

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

$22.02 /SF/Yr
Avg Asking Price
$9.89–$63.23 /SF/Yr
Price Range
10,275 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Mixed-use retail and office spaces in downtown Ann Arbor with an attached parking garage and street parking access.
Where is this office unit located?
The property is located at 500 East Washington Street Ann Arbor, MI.
What are key features of this property?
This property features: Mixed‑use retail and office space in downtown Ann Arbor at 500 E Washington Street; Steps from the University of Michigan; Attached parking garage plus street parking for tenant and visitor access
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