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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

255 Liberty St Ann Arbor, MI 48104

23,309 SF 0.35 ac lot Built 1920
Property ID
Property summary
AI-generated overview

This exceptional three-story, 23,309-square-foot commercial building at 255 East Liberty Street presents a unique investment opportunity in the vibrant Downtown Ann Arbor submarket. Built in 1920 and boasting a Class B designation, this property offers a blend of retail and office space, ideal for multiple tenants. The building sits on a 0.35-acre lot and is zoned D1, allowing for a variety of uses. Currently, there are two available spaces ranging from 1,470 to 5,965 square feet, providing flexibility for businesses of varying sizes. The strategic location on East Liberty Street ensures high visibility and street exposure, attracting significant foot traffic. The property features both upper-level office space and lower-level retail space, catering to diverse business needs. Onsite parking is available, a valuable amenity in a bustling downtown area. This well-positioned building offers a compelling combination of historical charm and modern functionality, making it an attractive investment in a thriving Michigan city. The property's three stories provide ample space for expansion or subdivision, allowing for customization to suit specific tenant requirements. Its location in the heart of Downtown Ann Arbor ensures easy access to a wide range of amenities, services, and a strong customer base. This is a rare chance to acquire a significant commercial property in one of Michigan's most desirable downtown areas.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1920
Total area 23,309 SF
Lot 0.35 ac (15,246 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • E Search Vision Physician
  • Currin Lutherie Production Facility
  • Hook Studios LLC Marketing & Advertising Advertising Agency
  • Teeth Whitening Store Dental Office
  • Fun Field Art Studio
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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