Ann Arbor, Michigan, is a prime location for investing in Retail Properties For Sale, with a strong economy driven by the University of Michigan and a diverse range of industries. Retail Properties in Ann Arbor offer a unique opportunity to tap into the city's dynamic atmosphere, with a mix of historic and modern buildings, and a strong presence of commercial districts and residential neighborhoods. The city's amenities, including the University of Michigan Health System, parks along the Huron River, and sports facilities, make it an attractive location for businesses and residents alike. With a population of around 120,000, Ann Arbor provides a stable and growing market for retail investments. The city's geography, with its hilly terrain and abundant trees, also adds to its charm, making it an ideal location for businesses that cater to the local community. Notable attractions like the Ann Arbor Art Fairs, the Ann Arbor Film Festival, and the University of Michigan sports teams further enhance the city's appeal, drawing visitors from across the country.
Ann Arbor's Retail Properties For Sale offer a range of investment opportunities, from small boutiques to large shopping centers. With 13 available listings, investors can find the perfect property to suit their needs. The average price per square foot is $487 USD, and the average size of Retail Properties in Ann Arbor is 13,680 square feet, with the largest property spanning 39,245 square feet. The average cap rate for Retail Properties in Ann Arbor is 6.25%. In addition to Retail Properties, Ann Arbor also offers a range of other investment opportunities, including Shopping Centers, Restaurants, Office Properties, and Hotels. The city's diverse economy and strong infrastructure make it an attractive location for businesses across various sectors. With its unique blend of academic, cultural, and economic attractions, Ann Arbor is an ideal location for investors looking to tap into a thriving retail market.
What is the average cap rate for retail properties in Ann Arbor?
When it comes to retail properties in Ann Arbor, investors can expect an average cap rate of 6.25%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment strategy, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Ann Arbor, Michigan, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated in high-demand areas like downtown Ann Arbor, particularly on State Street and South University, tend to have higher values due to their proximity to the University of Michigan campus and the resulting heavy foot traffic, with an average price per square foot of $487 USD and an average size of 13,680 square feet.
