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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 the University of Michigan’s Central Campus, the property benefits from exceptional foot traffic, strong retail synergy, and the convenience of two deeded parking spaces located at the rear of the building. 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 .This is a standout opportunity 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

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,380 SF
  • Retail
  • -
  • Feb 2027

3,380 SF two-story campus retail opportunity available for lease. Ideally located on N University Avenue near S State Street, just steps from the University of Michigan's Central Campus, this prime location offers outstanding visibility, exceptional foot traffic, and strong retail synergy. Surrounded by established retailers and adjacent to the future Legends Global Merchandise location, the property is ideal for a café, restaurant, or retailer seeking a premier campus presence. Two rear parking spaces are included.

Space Size Space Use Position Available
1st Floor 3,380 SF Retail - Feb 2027

1st Floor

Size
3,380 SF
Space Use
Retail
Position
-
Available
Feb 2027

1st Floor

Size 3,380 SF
Space Use Retail
Position -
Available Feb 2027

3,380 SF two-story campus retail opportunity available for lease. Ideally located on N University Avenue near S State Street, just steps from the University of Michigan's Central Campus, this prime location offers outstanding visibility, exceptional foot traffic, and strong retail synergy. Surrounded by established retailers and adjacent to the future Legends Global Merchandise location, the property is ideal for a café, restaurant, or retailer seeking a premier campus presence. Two rear parking spaces are included.

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Very bikeable
80/100

Nearby Major Retailers

Buffalo Wild Wings
Noodles & Company
Pure Barre
Huntington National Bank
PNC Bank
SoulCycle
Panchero's
Starbucks
First Merchants Bank
Old National Bank

Property Taxes

Property Taxes

Parcel Number
09-28-322-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$658,600
  • Listing ID: 39586861

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 709 N University Ave, Ann Arbor, MI 48104

Contact the Sale Advisor

709 N University Ave

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