Prime Retail Space on
For Lease
Contact for pricing
640 Packard St, Ann Arbor, MI 48104
High-traffic location in downtown Ann Arbor with development nearby.
Space Size7,198 SF
Days on Market1571
Property Features for 640 Packard St
General Information
Standard status
Active
Size
7,198 SF
Property subtype
Retail, Restaurant
Lease Type
Modified Gross
Building Details
Year Built
1920
Tenancy
Multiple
Spaces For Lease
at 640 Packard St Contact us- Size
- 7,198 SF
- Type
- Restaurant, Retail
- Lease Type
- Modified Gross
- Availability
- Active
Suite 640
Listing Agency:
Oxford Companies
(734) 395-7135
Listed By:
Brad Fenkell · License #6506049185
Source:
Crexi
Added: May 4, 2022
Changed: Aug 14
Last Checked: Aug 19 at 10:06PM
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 Oxford Companies
Investment Insights
Based on property information with market context.
The property at 640 Packard Street offers a location in downtown Ann Arbor suitable for restaurants and retailers. The property features street visibility and a brick exterior. Situated on a busy corridor, the location benefits from foot and vehicle traffic. A new high-rise development with 376 residential units is under construction across the street. The University of Michigan is constructing a 2,300-bed student dormitory less than a quarter of a mile away. The available space on the first floor measures 3,782 square feet and offers a flexible layout suitable for dining concepts or retail experiences.
Key Highlights
- High‑traffic location on a busy downtown Ann Arbor corridor with excellent street visibility.
- New high‑rise development with 376 residential units planned directly across the street.
- Proximity to the University of Michigan's new 2,300‑bed student dormitory (less than a quarter mile away).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,772
Businesses Nearby
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
Lease Benchmarks for Ann Arbor, MI
$21.3 /SF/Yr
Avg Asking Price
$1.3–$30 /SF/Yr
Price Range
6,924 SF
Avg Space Size
This space is priced 17% above the average of $21.3 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - High-traffic location in downtown Ann Arbor with development nearby.
Where is this retail space located?
The property is located at 640 Packard St Ann Arbor, MI.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on a busy downtown Ann Arbor corridor with excellent street visibility.; New high‑rise development with 376 residential units planned directly across the street.; Proximity to the University of Michigan's new 2,300‑bed student dormitory (less than a quarter mile away).
