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709 N University Ave 3,380 SF Retail Building Ann Arbor, MI 48104 $2,200,000 ($650.89/SF)



Executive Summary
This exceptional 3,380 SF two-story campus property offers a rare opportunity for both investors and owner-users in the heart of Ann Arbor. Currently leased through January 31, 2027, the asset provides stable income with future flexibility. Ideally positioned on N University Avenue near S State Street and just steps from University of Michigan’s Central Campus, the property benefits from exceptional foot traffic and strong retail synergy. Surrounded by established retailers and adjacent to the future Legends Global Merchandise, the Official Retail Partner for Michigan Athletics, this location is perfectly suited for a café or restaurant operator seeking a premier campus presence, or for an investor pursuing a strong NNN opportunity. Offered at $2,200,000, this is a standout acquisition in one of the Midwest’s most dynamic college markets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,380 SF
Building Class
C
Year Built
1930
Price
$2,200,000
Price Per SF
$650.89
Tenancy
Single
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.08 AC
Zoning
C2A - D-1
Frontage
24’ on N University Ave
Amenities
- Bus Line
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-28-322-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $631,000 |
Property Taxes
Parcel Number
09-28-322-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$631,000
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709 N University Ave
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