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Licensed Second-Floor Retail Space
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603 E William St, Ann Arbor, MI 48104

Retail space with adult-use licensing and leasehold rights in a mixed-use downtown building.

Property Size1,725 SF
Price / SF$0.02
Days on Market12

Property Features for 603 E William St

General Information

Standard status Active
Size 1,725 SF
Property subtype Retail
Zoning D1

Additional Details

Business Included Yes

Building Details

Building Size 1,725 SF
Listing Agency: C3 CRE, LLC
Listed By: Corbin Yaldoo · License #MI6501284831
Source: Cpix.resimplifi
Added: Aug 10 Changed: Aug 16 Last Checked: Aug 21 at 4:00AM

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 C3 CRE, LLC

Investment Insights

Based on property information with market context.

This second-floor retail space is offered with an Adult-Use Retailer License and leasehold rights; the transaction does not include the underlying real estate. The space is within a mixed-use building and includes prominent building signage. The license and leasehold structure support immediate operation, subject to applicable requirements, with branding and inventory remaining for the operator to provide.

The property is located at 603 E William St in downtown Ann Arbor’s State Street District, adjacent to the University of Michigan Diag and Central Campus. The surrounding area includes national and local retailers, restaurants, theaters, and museums, with pedestrian activity and visibility identified as notable characteristics of the location.

Key Highlights

  • Adult‑Use Retailer License included
  • Leasehold rights included; real estate is not part of the sale
  • Second‑floor retail space in a mixed‑use building

Property Analytics

Current Use

Treehouse 603 (Bike/Boat/Book/etc) Store

Suggested Use

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

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4,508
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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space with adult-use licensing and leasehold rights in a mixed-use downtown building.
Where is this retail space located?
The property is located at 603 E William St Ann Arbor, MI.
What are key features of this property?
This property features: Adult‑Use Retailer License included; Leasehold rights included; real estate is not part of the sale; Second‑floor retail space in a mixed‑use building
More about this property
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