507-511 Ashley St Ann Arbor, MI 48103
- Land
- 0.18 lot acres
Current Use by Public Records
- Land
Property Details for 507-511 Ashley St
- Lot size
- 0.18 lot acres
- Property type
- Land
Description
This exceptional 0.179-acre commercial land parcel at 507-511 S Ashley St, Ann Arbor, MI 48103 (APN: 09-09-29-412-012, 09-09-29-412-013) presents a unique redevelopment opportunity. Located one block from Main Street's vibrant entertainment district and less than a mile from the University of Michigan, this corner lot boasts high visibility and foot traffic. The D-2 zoning allows for a potential building height of up to 80 feet, ideal for high-rise residential or commercial development. The existing structure features expansive open areas, three large overhead doors, and ample storage, making it suitable for various uses. Current configurations could easily support a brewery or distillery with food trucks, while the flexible layout also lends itself to tech hubs, specialty shops, or a gourmet market. Street and municipal parking options are readily available. This property offers unparalleled potential in a thriving Ann Arbor community. Invest in a location that combines prime accessibility with significant development potential. The property's versatility and strategic location make it an exceptional investment for those seeking to create a unique and impactful commercial space. Seize this opportunity to be part of Ann Arbor's dynamic growth.
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
- -83.7499
- Latitude
- 42.2759
