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    115 Main St Chelsea, MI 48118

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Main Street location, 2,941 SF

    Lot size:
    27,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,941-square-foot commercial space, formerly the popular Chelsea Ale House, is ideally situated on Main Street in the heart of downtown Chelsea. The property offers high visibility and significant foot traffic, benefiting from its prime location within a vibrant downtown area. The space features charming hardwood floors and exposed brick walls, creating a warm and inviting atmosphere. Included is 2,591 square feet of main floor space and an additional 255 square feet of basement storage. Existing restaurant equipment is available, making it an excellent opportunity for a food service business or similar venture. The property includes a private restroom and convenient access to shared restrooms. Ample parking is available both on the street and in a rear lot. The building itself boasts a modern and professional facade. This location is part of a thriving downtown scene, home to popular destinations such as the Purple Rose Theater and the Jiffy Mix Company, and benefits from the annual Chelsea Community Fair, Sounds & Sights music festival, nearby DTE bike trail, B2B hiking trail, and Waterloo Recreation Area. The property is zoned DT (Downtown Mixed Use), offering versatility for various business types. The APN is 06-06-12-183-032. This is a rare opportunity to establish a business in a highly desirable and well-established downtown location. The property is a single-tenant space within a larger building totaling 27,280 square feet. The cross street is Middle Street.

    Property Features for 115 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,280 SF
    Total Rate
    56833.33

    Unit(s) available at that property

    Space
    Size
    2,941 SF
    Rate per SF
    $25

    HighLights

    • 2,941 SF single‑tenant retail/restaurant space available for lease in downtown Chelsea, MI.
    • Existing restaurant equipment included.
    • One private restroom and access to common restrooms.
    • Convenient street and rear parking available.
    • High‑visibility Main Street location with high foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Washtenaw
    State
    Michigan
    Longitude
    -84.0201874
    Latitude
    42.317717

    Nearby Comparable

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      Turnkey Restaurant at Robin Hills Farm

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    Nearby Similar for Lease

    • $12,000 /Mo
      9,250 SF

      Turnkey Restaurant at Robin Hills Farm

      Fully equipped restaurant for lease within a high-demand event destination.
      M-52 20390, Chelsea, MI
      View Details
    • $25 SF/Yr
      3,684 SF

      Prime Chelsea Office Space

      Standalone Office, 3684 sq ft, Fully Renovated
      50 Fletcher Rd, Chelsea, MI 48118
      View Details
    • $10 SF/Yr
      15,550 SF

      Chelsea Industrial Flex Space

      15,550 SF Flex Space, Ann Arbor Area
      20401 Old Us Highway 12, Chelsea, MI 48118
      View Details
    • $395,000
      2,900 SF

      Retail/Office Building For Lease/Sale

      2,900 SF retail/office building at high-traffic intersection.
      14495 N Territorial Rd, Chelsea, MI 48118
      View Details
    • Contact for pricing
      52,968 SF

      Chelsea Retail Center Opportunity

      High-Visibility Retail Space Available
      1620 Main St, Chelsea, MI 48118
      View Details
    • $13 SF/Yr
      1,400 SF

      Retail Space in Renovated Center

      Retail space available in a recently renovated shopping center.
      1145 S Main St, Chelsea, MI 48118
      View Details
    • $18 SF/Yr
      2,045 SF

      Chelsea Retail Space For Rent

      Retail or office space with high traffic and ample parking.
      1020 S Main St, Chelsea, MI 48118
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Main Street location, 2,941 SF
    Where is this restaurant located?
    The property is located at 115 Main St Chelsea, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 2,941 SF single-tenant retail/restaurant space available for lease in downtown Chelsea, MI.; Existing restaurant equipment included.; One private restroom and access to common restrooms.
    Request Owner's contact information
    115 Main St Chelsea, MI 48118
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    Chelsea, MI 48118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Main St Chelsea, MI 48118
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