413 E Huron St, Ann Arbor, MI 48104
This exceptional turnkey business opportunity presents a thriving coffee shop located in the heart of Ann Arbor's vibrant downtown at 413 E Huron Street, Suite C, within the Foundry Lofts building. Spanning 2,320 square feet, this established establishment comfortably seats 74 patrons and boasts a welcoming patio area. The menu features a diverse selection of coffee, espresso, tea, baked goods, breakfast sandwiches, and an extensive alcoholic beverage list including draft beers, liquors, and wine. The sale includes a transferable Class C liquor license, permitting outdoor service, Sunday sales, and the sale of spirits and mixed drinks. A significant advantage is the existing 10-year lease with a 5-year renewal option, ensuring long-term stability. The property showcases a meticulously designed interior, a state-of-the-art kitchen, and high-quality beverage equipment. Its prime location in Ann Arbor, consistently ranked among the nation's most desirable places to live, provides unparalleled access to a large and engaged customer base. This presents a unique chance to acquire a well-established, profitable business with significant growth potential in a highly sought-after market. The asking price is $1,299,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D1 · Ann Arbor, MIAnn Arbor. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.