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    201 Washington St Ann Arbor, MI 48104

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    For Sale
    Contact for pricing

    Prime Downtown Location, Multi-Use Potential

    Property size:
    7,648 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,648 square foot retail condominium, located at 201-203 E Washington St in Ann Arbor, Michigan, presents a unique investment opportunity. Situated just blocks from the University of Michigan's Central Campus in the heart of downtown Ann Arbor, this property boasts a prime location with high foot traffic and visibility. Built in 1901 and extensively renovated in 2024, the building offers a blend of historic charm and modern amenities. Currently configured as a bar and restaurant, the space is adaptable to a variety of uses, thanks to its D1 zoning. The single-unit property includes a full-sized basement, providing ample storage or additional usable space. The property's 7,648 square feet of net rentable area offers significant potential for a variety of businesses, including but not limited to, restaurants, bars, and grocery stores. Its central location within Ann Arbor, combined with its recent renovation and flexible layout, makes this a highly desirable commercial property. The property's address is 201-203 E Washington St, Ann Arbor, MI 48104, within Washtenaw County. This is an excellent chance to acquire a well-maintained, versatile commercial space in a thriving Michigan college town.

    Property Features for 201 Washington St

    General Information

    Property type
    Restaurants
    Square Feet
    7,648 SF

    Building Details

    Year Built/Renovated
    1901/2024
    Units
    1

    HighLights

    • 7,648 SF retail condominium in Ann Arbor, MI.
    • Located at 201 E Washington St, Ann Arbor, MI 48104.
    • Currently configured as a bar/restaurant, with potential for other uses.
    • Features a full‑sized basement.
    • Recently renovated in 2024.
    • Zoned D1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eden Air Purifiers Air Filter Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.747192055198
    Latitude
    42.280520082027

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Location, Multi-Use Potential
    Where is this restaurant located?
    The property is located at 201 Washington St Ann Arbor, MI.
    What are key features of this property?
    This property features: 7,648 SF retail condominium in Ann Arbor, MI.; Located at 201 E Washington St, Ann Arbor, MI 48104.; Currently configured as a bar/restaurant, with potential for other uses.
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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
    201 Washington St Ann Arbor, MI 48104
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