Property profile

600 Main St Ann Arbor, MI 48104

OFF-MARKET
Commercial land
Property ID
US43-4220227
0.23 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,627 square foot Class A retail space, located at 600 S Main St, Ann Arbor, MI 48104, is situated in the vibrant Old West Side submarket, just blocks from the University of Michigan's "Big House" stadium and the heart of downtown. Part of the new Madison Apartments mixed-use development, this single-tenant space boasts prominent frontage on both Main and Madison Streets, maximizing visibility and foot traffic. Built in 2022, the space features an open floor plan filled with natural light, ideal for a cafe or restaurant. The property includes a 6.25% load factor. Zoned D2 - Downtown Interface District, this location benefits from its proximity to established neighborhoods, businesses, and retail, as well as the 20-unit/65-bed Madison Apartments, ensuring a built-in customer base. The space is currently vacant and ready for immediate occupancy. The property's APN is 09-09-29-415-016. This is a unique opportunity to establish a thriving business in a high-demand area of Ann Arbor. The minimum and maximum contiguous square footage is 1,627 square feet.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.23 ac (10,106 SF)
Zoning code D2
APN 09-09-29-415-016
UPID US43-4220227

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

600 Main St Ann Arbor, MI 48104-2984
Ann Arbor metro Census 400600 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.30M

Owner & transaction history

since 2022
Last sale
$2.3M
7 recorded transactions
2022
$2.3M
2022
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D2 · Ann Arbor, MI
Zoning description

2. D2 Downtown Interface District This district is intended to be an area of transition between the D1 and surrounding residential neighborhoods. This district is appropriate for medium density residential and mixed-use…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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