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300 Detroit St 3,744 SF Retail Building Ann Arbor, MI 48104 $3,336,689 CAD ($891.21 CAD/SF) 6% Cap Rate
Investment Highlights
- Located within Ann Arbor's Kerrytown district, a destination neighborhood known for retail, dining, and cultural attractions.
- Single-tenant retail and restaurant investment structure.
- The property benefits from proximity to downtown Ann Arbor employment, residential, and entertainment destinations.
- Situated in a highly walkable downtown environment serving residents, visitors, and the University of Michigan community.
- Frontage along Detroit Street provides visibility within the Kerrytown commercial corridor.
- Nearby access to regional transportation infrastructure supports connectivity throughout Southeast Michigan.
Executive Summary
Kerrytown is one of Ann Arbor’s most cherished neighborhoods,
characterized by its historic brick streetscape, eclectic mix of independent
retailers, specialty food purveyors, and cultural attractions. The district
draws a blend of local residents, University of Michigan students and
faculty, and regional visitors year-round, creating a resilient and diversified
demand base for retail and dining uses.
300 Detroit Street offers investors a unique combination of strong tenant
credit supported by an established local brand, attractive walkable location
in a high-barrier-to-entry market, and durable long-term cash flow with
minimal landlord responsibilities under the NNN lease. This property is ideal
for investors seeking exposure to downtown Ann Arbor’s retail dining sector
with predictable income and significant value-add through long-term
ownership.
characterized by its historic brick streetscape, eclectic mix of independent
retailers, specialty food purveyors, and cultural attractions. The district
draws a blend of local residents, University of Michigan students and
faculty, and regional visitors year-round, creating a resilient and diversified
demand base for retail and dining uses.
300 Detroit Street offers investors a unique combination of strong tenant
credit supported by an established local brand, attractive walkable location
in a high-barrier-to-entry market, and durable long-term cash flow with
minimal landlord responsibilities under the NNN lease. This property is ideal
for investors seeking exposure to downtown Ann Arbor’s retail dining sector
with predictable income and significant value-add through long-term
ownership.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,744 SF
Building Class
C
Year Built
1940
Price
$3,336,689 CAD
Price Per SF
$891.21 CAD
Cap Rate
6%
NOI
$200,201 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Lot Size
0.10 AC
Zoning
C2B/R
Frontage
Amenities
- Bus Line
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-124-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $688,606 CAD |
Property Taxes
Parcel Number
09-29-124-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$688,606 CAD
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300 Detroit St
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