Ann Arbor, Michigan, is a prime location for investing in restaurants, with 3 available listings offering a range of opportunities. Restaurants in Ann Arbor can represent a variety of investments, from casual eateries to fine dining establishments, and from independent businesses to franchise opportunities. With the University of Michigan's significant presence in the city, restaurants can cater to a diverse clientele of students, faculty, and locals. Ann Arbor's amenities, infrastructure, and location make it an attractive spot for restaurants, with proximity to major highways, public transportation, and attractions like the University of Michigan Health System and the Nichols Arboretum. The city's geography, with its hilly terrain and abundant trees, also adds to its charm, making it a desirable location for businesses and residents alike. As a hub for arts and culture, Ann Arbor attracts visitors from around the country, providing a steady stream of potential customers for restaurants.
Restaurants in Ann Arbor are part of a diverse commercial landscape, with opportunities to thrive alongside other property types like Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. For example, Apartment Buildings in Ann Arbor offer a range of housing options for residents, while Shopping Centers provide a convenient location for retail and dining. Specialty Properties, such as office spaces and warehouses, support the city's growing industries, and Hotels cater to the influx of visitors drawn to Ann Arbor's attractions. With its unique blend of academic, cultural, and economic influences, Ann Arbor provides a dynamic environment for restaurants to succeed, with a strong potential for growth and development.
What is the average cost per square foot for a restaurant in Ann Arbor?
As of now, there are 3 available listings of restaurants for sale in Ann Arbor, and the average cost per square foot for a restaurant in this city is $804 USD.
What factors determine the value of a restaurant for sale in Ann Arbor?
The value of a restaurant for sale in Ann Arbor is determined by a combination of factors, including:
- Location, with proximity to the University of Michigan campus, downtown area, and major transportation hubs like the Blake Transit Center and the Ann Arbor Train Station being highly desirable;
- Size and layout, with average restaurant sizes ranging from 8,183 square feet to 13,850 square feet, and a layout that accommodates a functional kitchen, dining area, and storage;
- Financial performance, including the average cap rate of 6.24%, and the sale price per square foot, which averages $804 USD.
Currently, there are 3 restaurants for sale in Ann Arbor, offering a range of opportunities for buyers and investors.
