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3305 Washtenaw Ave
Ann Arbor, MI 48104
Retail Property For Sale


Investment Highlights
- Highly visible corner location at the signalized intersection of Washtenaw Avenue and Huron Parkway.
- TC-1 Zoning allows multi-story, mixed-use development opportunities with substantial design flexibility.
- Surrounding consumer base includes a well-educated population and household incomes exceeding $130,000.
- Located within a major retail cluster featuring Whole Foods, Panera Bread, McDonald’s, and Target.
- Excellent connectivity to US-23 and Ann Arbor’s central business district for broad regional access.
- Outstanding repositioning or redevelopment opportunity in a high-barrier-to-entry market.
Executive Summary
This former bank branch presents a rare acquisition opportunity in Ann Arbor’s highly active retail corridor. Positioned at the intersection of Washtenaw Avenue and Huron Parkway, the property benefits from excellent visibility, full movement signal access, and curb cuts on both road frontages. The surrounding area hosts national and regional retailers, including Whole Foods, Walgreens, McDonald’s, and Panera Bread, ensuring strong consumer draw and consistent traffic.
The site spans 4,416 square feet and is zoned TC-1, part of the Transit Corridor District, which supports multi-story, mixed-use redevelopment. This flexibility enables investors and developers to pursue various redevelopment options, including retail, office, or mixed-use projects, in one of Michigan’s most prominent and educated markets. The property enjoys connectivity to US-23 and robust traffic counts, with nearly 29,568 vehicles per day on Washtenaw and 13,605 on Huron Parkway.
Ann Arbor’s demographics and economic vitality position this asset for long-term appreciation. Within a three-mile radius, the area boasts over 90,000 residents, more than 81,000 employees, and an average household income exceeding $134,000. These fundamentals create a compelling environment for adaptive reuse or repositioning near the University of Michigan and the thriving central business district.
The site spans 4,416 square feet and is zoned TC-1, part of the Transit Corridor District, which supports multi-story, mixed-use redevelopment. This flexibility enables investors and developers to pursue various redevelopment options, including retail, office, or mixed-use projects, in one of Michigan’s most prominent and educated markets. The property enjoys connectivity to US-23 and robust traffic counts, with nearly 29,568 vehicles per day on Washtenaw and 13,605 on Huron Parkway.
Ann Arbor’s demographics and economic vitality position this asset for long-term appreciation. Within a three-mile radius, the area boasts over 90,000 residents, more than 81,000 employees, and an average household income exceeding $134,000. These fundamentals create a compelling environment for adaptive reuse or repositioning near the University of Michigan and the thriving central business district.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
4,416 SF
Building Class
C
Year Built
1985
Price
$2,750,000
Price Per SF
$622.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.45 AC
Zoning
C3 - Commercial Zoned District
Parking
25 Spaces (8.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 12-02-200-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,374,000 |
Property Taxes
Parcel Number
12-02-200-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,374,000
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