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300 Detroit St 3,744 SF Retail Building Ann Arbor, MI 48104 $2,369,000 ($632.75/SF) 6% Cap Rate
Executive Summary
Kerrytown is one of Ann Arbor’s most cherished neighborhoods,
characterized by its historic brick streetscape, eclectic mix of independent
retailers, specialty food purveyors, and cultural attractions. The district
draws a blend of local residents, University of Michigan students and
faculty, and regional visitors year-round, creating a resilient and diversified
demand base for retail and dining uses.
300 Detroit Street offers investors a unique combination of strong tenant
credit supported by an established local brand, attractive walkable location
in a high-barrier-to-entry market, and durable long-term cash flow with
minimal landlord responsibilities under the NNN lease. This property is ideal
for investors seeking exposure to downtown Ann Arbor’s retail dining sector
with predictable income and significant value-add through long-term
ownership.
characterized by its historic brick streetscape, eclectic mix of independent
retailers, specialty food purveyors, and cultural attractions. The district
draws a blend of local residents, University of Michigan students and
faculty, and regional visitors year-round, creating a resilient and diversified
demand base for retail and dining uses.
300 Detroit Street offers investors a unique combination of strong tenant
credit supported by an established local brand, attractive walkable location
in a high-barrier-to-entry market, and durable long-term cash flow with
minimal landlord responsibilities under the NNN lease. This property is ideal
for investors seeking exposure to downtown Ann Arbor’s retail dining sector
with predictable income and significant value-add through long-term
ownership.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,744 SF
Building Class
C
Year Built
1940
Price
$2,369,000
Price Per SF
$632.75
Cap Rate
6%
NOI
$142,140
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Lot Size
0.10 AC
Zoning
C2B/R
Frontage
Amenities
- Bus Line
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-124-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $537,100 |
Property Taxes
Parcel Number
09-29-124-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$537,100
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300 Detroit St
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