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Main Street Investment Opportunity
For Sale
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Pending

730 N Main Street, Ann Arbor, MI 48104

Versatile property in downtown Ann Arbor with high visibility.

Property Size2,140 SF
Days on Market780

Property Features for 730 N Main Street

General Information

Standard status Pending
Size 2,140 SF
Class B
Property subtype Business for Sale, Retail
Zoning C1
Investment Type Redevelopment

Building Details

Year Built 1948
Buildings 1
Stories 1
Units 1
Listing Agency: Lighthouse Real Estate Group
Listed By: Luke Ibrahim · License #MI 6501447382
Source: Crexi
Added: Jul 3, 2024 Changed: Aug 12 Last Checked: Aug 21 at 5:23AM

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 Lighthouse Real Estate Group

Investment Insights

Based on property information with market context.

Located on Main Street in downtown Ann Arbor, this property offers a versatile investment opportunity. It is situated minutes from the hospital and the University of Michigan Central Campus, providing high visibility and accessibility. The property is an ideal candidate for redevelopment into retail, office space, or a restaurant due to its zoning flexibility. The location provides easy access to major highways US-23 and M-14. An established liquor store with a solid customer base and growth potential is currently operating on the premises. The sale includes both the business and the real estate, including the liquor license. The commercial property offers a canvas for developers or investors looking to capitalize on Ann Arbor's downtown market. The property size is 2140 square feet.

Key Highlights

  • Prime Main Street location in downtown Ann Arbor offering high visibility and foot traffic.
  • Close proximity to the University of Michigan Hospital and Central Campus.
  • Zoning allows for redevelopment into retail, office, or restaurant space.

Property Analytics

Current Use

Summit Party Store Grocery & Convenience Store

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,454
Businesses Nearby
Under-served
Demand for This Use

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
Rey
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Similar Off Market Nearby

  • University Flower Shop 7 Nickels Arcade, Ann Arbor, MI 48104

Frequently Asked Questions

What type of property is this?
Storefront property - Versatile property in downtown Ann Arbor with high visibility.
Where is this storefront property located?
The property is located at 730 N Main Street Ann Arbor, MI.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Prime Main Street location in downtown Ann Arbor offering high visibility and foot traffic.; Close proximity to the University of Michigan Hospital and Central Campus.; Zoning allows for redevelopment into retail, office, or restaurant space.
More about this property
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