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507-511 S Ashley St
Ann Arbor, MI 48103 Old West Side

Rate Upon Request

Restaurant For Lease

Property Details

  • Property Type Restaurant
  • Year Built 1940
  • Total Building Size 3,616 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning D2
69 Transit Score
97 Walk Score

Description

Rare opportunity to lease space in downtown Ann Arbor.  Thousands of downtown DDA parking spaces, restaurants, bars, shops, merchants, business, offices, fine arts, entertainment district, University of Michigan's campus, cultural and sporting venues, all in the immediate walking area.

D2 mixed use zoning: Residential, Commercial, Retail, Office, Etc.; allows six story mixed use development; approx. 8,000 SF per floor; approximately 50,000 total GBA.

Available: Existing Building and Land   |   Venture Partnership   |   Vertical Development

Highlights

Tenant - Aquamarine Springs, LLC (brewery, distillery, winery, cidery, meadery, importer, exporter, retailer, cafe)
Rare urban downtown vacant land (north and south) with heavy foot, car and event traffic
Nearby developments: hotels, office towers, rental housing, luxury condos, office & retail complexes, large U of M housing projects. See "Photos".
Significant on-site roadway, bike trails, and walking pathways under development. See "Photos"
D2 Zoning (Eff. Oct., 27, 2019 Cannabis / Marijuana). Marijuana recreational retail sales (provisioning center), and marijuana consumption facility.
Inimitable building design opportunities.

Amenities

  • Bus Line
  • Corner Lot

Major Tenants

Tenant SF Occupied Lease End Date
Aquamarine Springs, LLC

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.2 mi
AirportDriveWalkDistance
Detroit Metro Wayne County 40 min - 29.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes