Vietnamese Restaurant with
For Sale
$300,000
521 E Liberty St, Ann Arbor, MI 48104
Downtown space includes furniture, fixtures, equipment, and an available liquor license.
Property Size1,864 SF
Price / SF$160.94
Days on Market50
Property Features for 521 E Liberty St
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Retail
Zoning
D1
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Building Size
1,864 SF
Listing Agency:
Colliers - Ann Arbor
Listed By:
Tory Chaconas · License #6501408069
(734) 769-5007
Source:
Cpix.resimplifi
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 20 at 5:18PM
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 Colliers - Ann Arbor
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Investment Insights
Based on property information with market context.
Saigon Social House is a 1,864 SF Vietnamese restaurant and bar in downtown Ann Arbor. The space includes furniture, fixtures, and equipment, providing an established physical setup for continued restaurant operations. An available liquor license is also identified.
The restaurant is positioned on E. Liberty Street between S. State Street and Thompson Street, with pedestrian and auto traffic in the surrounding downtown setting. The location is steps from the University of Michigan campus and near restaurants, retailers, and entertainment venues.
The operation is presented as a turnkey business opportunity with dining and social-gathering functionality already established within the restaurant and bar format. Zoning is D1.
The restaurant is positioned on E. Liberty Street between S. State Street and Thompson Street, with pedestrian and auto traffic in the surrounding downtown setting. The location is steps from the University of Michigan campus and near restaurants, retailers, and entertainment venues.
The operation is presented as a turnkey business opportunity with dining and social-gathering functionality already established within the restaurant and bar format. Zoning is D1.
Key Highlights
- 1,864 SF Vietnamese restaurant and bar
- Furniture, fixtures, and equipment included
- Liquor license available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,573
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,460
$491.5K
Cap Rate 7%
$351,043
$351.0K
Cap Rate 9%
$273,033
$273.0K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$34.7K $18.60/SF
− Vacancy
−$1.9K −$1.02/SF
EGI
$32.8K $17.58/SF
− OpEx
−$8.2K −$4.39/SF
NOI
$24.6K $13.18/SF
Area
Ann Arbor, MI
Vacancy
5.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,460
Cap Rate 7%
$351,043
Cap Rate 9%
$273,033
Alternative Uses
Best Use
Specialty Retail
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.7K
$360.2K – $480.3K
NOI $28,817 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,594
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown space includes furniture, fixtures, equipment, and an available liquor license.
Where is this conventional restaurant located?
The property is located at 521 E Liberty St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,864 SF Vietnamese restaurant and bar; Furniture, fixtures, and equipment included; Liquor license available
