Downtown AA/UM Campus Retail

Leased Retail-Commercial
Catylist Listing ID: 28276964
Property Subtypes: Mixed Use, Restaurant, Street Retail
Property Type: Retail-Commercial
Archived As: Leased

Property Overview

Incredible redevelopment on University of Michigan Central Campus and the heart of Downtown Ann Arbor. Former Borders Bookstore flagship store. In May of 2012, Hughes Properties and Colliers International Ann Arbor announced plans to redevelop the 44,000SF two story building on the corner of East Liberty and Maynard. Located one block from the University of Michigan Diag, East Liberty is one of the busiest streets in Southeast Michigan.

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Suite: A-1 2,429 SF $45 PSF (Annual) NNN
Level/Floor: 1st
Space Available: 2,429 SF
Max Contiguous: 4,545 SF
Rental Rate: $45 PSF (Annual)
$9,108 - 17,043 (Monthly)
Lease Type: NNN
Space Description: Can be combined with Suite A-2.
Date Available: 1/1/2014
Lease Term: 60 Months
Space Type: New

Additional Details

Nearest MSA Ann Arbor
County Washtenaw
Submarket Washtenaw W of 23
Tax ID Number/APN 09-09-29-400-020
Zoning C2A
Market Type Medium
Property Located Between Maynard & South State Street
Side of Street South
Road Type Paved
Property Visibility Excellent
Transportation Bus
Area Description Located in the center of downtown Ann Arbor between Main Street and State Street.
Tenancy Multiple Tenants
Total Number of Buildings 1
Number of Stories 2
Typical SF / Floor 22,000 SF
Property Condition Excellent
Year Built 1901
Year Renovated 2012
Roof Type Flat
Construction/Siding Brick
Parking Type Structure
Parking Description Ample on street parking and public parking structures.
Heat Type Gas
Heat Source Central
Air Conditioning Package Unit
Internet Access T1/T3
Zoning Description These districts are designed to serve the central retail marketing function of the entire Ann Arbor trade area which extends at least halfway to surrounding cities of comparable size. A prime characteristic of these districts is a core of intense pedestrian activity. Most persons entering the district will come by automobile and typically will park once to carry out several errands. The economic welfare of merchandising activities in these districts depend on the intense development of comparison shopping. In these districts each establishment contributes to the whole shopping center by adding to the variety of goods available and to the comparison shopping opportunities. This essentially interdependence of activities is given precedence in the regulation and the future planning of the district over any desire to permit automobiles to come directly to each establishment. Provision is made in the C3 district for these uses that need to have the customer come directly to each establishment. Office building activities are compatible with the purpose of the district as long as adequate and convenient automobile parking can be provided for both the office and the retail merchandising activity. Residential development above the street level is also an important component of the district's pedestrian orientation. (2) Permitted principal uses. (a) Any principal use permitted in the C-1 local business district without limitation to floor area or seating capacity. (b) Hotels and motels. (c) Any retail business whose principal activity is the sale of new merchandise in an enclosed building, excepting uses, such as the following, which tend to detract from or interfere with a high intensity of pedestrian shopping activity: automobile dealers, boat dealers, mobile home dealers, motorcycle dealers, filling stations. (d) Retail sales in which both a workshop and a retail outlet or showroom are required, such as plumbing, electrician [electrical], interior decorating, upholstering and similar establishments of no more objectionable character, subject to the provision that not more than 50% of the total usable floor area of the establishment shall be used for servicing, repairing, manufacturing or processing activities. (e) Enclosed theaters, radio and television studios, excluding transmission and receiving towers, assembly halls, concert halls or similar places of assembly or entertainment. (f) Governmental, newspaper publishing plants, charitable institutions, local and suburban transit and passenger transportation facilities. (g) Any permitted principal use of the "R" dwelling districts. (h) Business and personal services which are performed within an enclosed building, including duplicating, addressing, blueprinting, printing, photographic reproduction and film processing. (i) Retail sales of garden and horticultural supplies, which may have an automobile loading area as an accessory use. (3) Permitted accessory uses. (a) Those allowed in the R3 district.
Total Land Size 0.60 Acres
Lot Frontage (Feet) 170
Lot Depth 151
Topography Level

Attachments & Media

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,404 114,509 165,477
Median Age: 24.5 33.37 34.29
Households: 11,301 46,779 68,589

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
Photograph of Listing Agent

Brendan Cavender

Colliers International
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