207 Ashley St Ann Arbor, MI 48104
- Retail properties
Current Use by Public Records
- Allstate Car Insurance / Insurance Company
Property Details for 207 Ashley St
- Year built
- 1908
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 2-story, 5,500 sq ft retail space at 207-209 S Ashley St, Ann Arbor, MI 48104, is perfectly situated in the heart of downtown, near W. Washington. Built in 1908 and renovated in 2014, this single-tenancy property offers a unique opportunity for a food service establishment, bar, cafe, or event space. The building features a modern elevator and is zoned D1. Property taxes are $6 per square foot. This location benefits from its proximity to a planned 31-room boutique hotel with a rooftop bar and event space, projected to attract over 16,000 unique visitors annually. Potential exists for synergistic collaborations with the hotel, including shared event space and direct access to hotel amenities. The property's location across the street from a recently established family-friendly event space/cafe further enhances its appeal and potential for increased foot traffic. Ownership is open to creative proposals and long-term partnerships with tenants who share a vision for this vibrant location. This is a rare chance to establish a thriving business in a dynamic and rapidly developing area of Ann Arbor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.7497
- Latitude
- 42.2801
