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812-814 S State St 2,000 SF 100% Leased Retail Building Ann Arbor, MI 48104 $1,945,000 ($972.50/SF)

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EXECUTIVE SUMMARY

This fully occupied ±2,545 SF mixed-use property offers a strong blend of retail, restaurant, and residential tenancy in one of Ann Arbor’s most sought-after campus-area locations. The building features a 595 SF retail suite, an 825 SF space slated for a forthcoming restaurant, and a 1,125 SF student apartment—providing immediate income stability and diversified revenue streams. Situated just minutes from the University of Michigan’s Central Campus, The Big House, and surrounded by extensive student housing and multi-family developments, the property benefits from constant foot traffic and a built-in customer base. Zoned C1A—Campus Business District—the site supports a range of neighborhood commercial uses and allows for residential development. Additional information is available upon execution of a Confidentiality Agreement.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,000 SF
Building Class
C
Year Built
1940
Price
$1,945,000
Price Per SF
$972.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.04 AC
Zoning
C1A
Frontage
34’ on S State St

AMENITIES

  • Bus Line
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (72)
Bike Score®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

SoulCycle
Starbucks
PNC Bank
Noodles & Company
Pure Barre
Huntington National Bank
Old National Bank
Chase Bank
Tim Hortons
Ruth's Chris Steak House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-32-100-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$362,000
  • Listing ID: 38708431

  • Date on Market: 12/9/2025

  • Last Updated:

  • Address: 812-814 S State St, Ann Arbor, MI 48104

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