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Catylist ID: #30613280

Downtown Ann Arbor Retail Space For Lease

324 S State St, Ann Arbor, MI 48104
Retail-Commercial for Lease
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Catylist Listing ID: 30613280
Property Subtypes: Restaurant, Street Retail
Contiguous Space: 4,685 SF
Gross Building Area: See Agent
Lease Rate: $45 PSF (Annual)
Base Monthly Rent: $17,568
Lease Types: Modified Gross
Last Updated: 3/5/2021

Overview / Comments

Former coffee shop in the center of downtown Ann Arbor, on U of M's campus. First floor suite. Across from the popular U of M Diag and adjacent to Nickels Arcade.

All the equipment is available for new tenant. Includes but is not limited to espresso machines, refrigeration, and tables/chairs. Ideal location with high visibility.

Metered parking available on surrounding streets as well as at nearby municipal lots/structures.

Attachments & Media

  • Lease_Brochure_324_S_State
  • Randy Maas
  • Mike Giraud
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Expand All Hide All Available Space

Suite: 1 4,685 SF $45 PSF (Annual) Modified Gross
Level/Floor: First
Space Available: 4,685 SF
Lease Rate: $45 PSF (Annual)
$17,568 (Monthly)
Lease Type: Modified Gross
Space Description: Former Espresso Royale coffee shop. Move-in ready for another coffee shop.
Date Available: 5/29/2020
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-400-007
Zoning: D1
Retail Clientele: General, Business, Other
Property Located Between: E. Liberty and William
Property Visibility: Excellent
Highway Access: Ten minutes from US-23/M-14 and I-94.
Airports: DTW, Ann Arbor
Area Description: Great U of M campus location. Located in the heart of downtown Ann Arbor. Walkable area with retail, business, fitness, bars, cafes and restaurants, as well as downtown residences. Active, populous area, with busy nightlife and art/music scene. Close to Kerrytown shopping, farmers' market, Ann Arbor YMCA, and the Michigan and State Theatres.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Parking Type: Structure, Other
Parking Description: There is a nearby parking structure and street parking available.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Intent. These districts, in coordination with the downtown character overlay zoning districts, are designed to support the downtown as the city's traditional center. The downtown serves both the region and local residents as a place to live, work, and take advantage of civic, cultural, educational, shopping, and entertainment opportunities. The downtown districts are intended to allow a mixture of land uses, dense urban development, pedestrian orientation, unique residential opportunities, and a compatible and attractive mix of historic and contemporary building design. Development in these districts is designed to be accessible by a variety of modes of transportation. (a) D1 - Downtown Core District. This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mixed residential, office and commercial development.
Water Service: Municipal
Sewer Type: Municipal
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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,649 117,693 166,550
Median Age: 24.13 33.48 34.25
Households: 10,984 48,427 69,184

Contact

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Photograph of Listing Agent

Randy Maas

Swisher Commercial
Contact me about this Listing
Company Logo
Photograph of Listing Agent

Michael Giraud

Swisher Commercial
Contact me about this Listing
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

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