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    Property profile & analytics
    FOR SALE
    Commercial real estate

    413 E Huron St C, Ann Arbor, MI 48104

    0.74 ac lot
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-3688932
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.74 ac (32,017 SF)
    Zoning code D1
    APN 09-09-29-106-082
    UPID US43-3688932
    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
    • Foundry Lofts Student Housing Center Apartment Complex
    • 7-Eleven Grocery & Convenience Store
    • Western Union Bank Credit Union
    • StoneFruit Social Bar & Pub
    • KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Cpi Foundry LLC · 10 yrs held
    Cpi Foundry LLC
    since 2016
    6 recorded transactions
    2016
    2012
    $4.5M
    2012
    2009
    1969
    1969
    Zoning & alternative use
    D1 · Ann Arbor, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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