808 State St Ann Arbor, MI 48104
- Commercial real estate
- 986 SF
Current Use by Public Records
- Mister Spots Ann Arbor / Takeout Restaurant / Restaurant
Property Details for 808 State St
- Property size
- 986 SF
- Property type
- Commercial real estate
Description
Own a piece of Ann Arbor history with this established restaurant, Mr. Spots, located at 808 S. State St., Ann Arbor, MI 48104. This 986 square foot, single-story business boasts a rich 37-year history, serving iconic Philly cheesesteaks, chicken wings, and waffle fries. Its prime location near the University of Michigan's Central Campus and downtown Ann Arbor ensures consistent customer traffic. The business operates under a NNN lease. The asking price is $1,200,000, translating to $1,217.04 per square foot. Significant growth potential exists due to the business's strong reputation, high-quality ingredients, and stable management. Further growth could be achieved through minor upgrades and increased social media presence. The area is experiencing significant development, including new residential complexes and high-rise buildings, promising increased foot traffic and revenue opportunities. This is an owner/user investment opportunity. This well-loved community establishment, even frequented by sports legends, offers a solid foundation for continued success and expansion. Don't miss this chance to acquire a thriving business in a vibrant and growing area.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.7409
- Latitude
- 42.2716
