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    327-331 Main St Ann Arbor, MI 48104

    Sponsored
    For Sale
    $6,500,000

    Prime Ann Arbor location, development opportunity.

    Property size:
    13,481 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,481 square foot development opportunity is situated on a 0.185-acre lot at 327-331 S Main Street in the heart of Ann Arbor, Michigan, zip code 48104. The property boasts a D1 (Downtown Core) zoning designation, allowing for a variety of uses. The asking price is $6,500,000, translating to $475.11 per square foot. This prime location within Ann Arbor's vibrant downtown core offers unparalleled access to a dense population of residents, students, tourists, and University of Michigan affiliates. The area is known for its upscale restaurants, cafes, boutiques, and proximity to Michigan Stadium. The property is ideal for a multi-tenant restaurant development, given its size and zoning. The lease type is NNN (Net, Net, Net), offering a predictable and potentially lucrative investment. This is a rare chance to acquire a significant development site in one of Michigan's most desirable and dynamic urban centers. The property's location on South Main Street ensures high visibility and accessibility, making it an attractive proposition for any discerning investor seeking a high-return opportunity in a thriving market. This is a truly unique opportunity to establish a landmark presence in the heart of Ann Arbor.

    Property Features for 327-331 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    13,481 SF
    Lot Size
    8,059 SF
    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 Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7482792
    Latitude
    42.2787662

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    FAQs

    What type of property is this?
    Restaurant - Prime Ann Arbor location, development opportunity.
    Where is this restaurant located?
    The property is located at 327-331 Main St Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $6,500,000.
    Request Owner's contact information
    327-331 Main St Ann Arbor, MI 48104
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    Ann Arbor, MI 48104
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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
    327-331 Main St Ann Arbor, MI 48104
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