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640 Packard St 2,980 - 7,198 SF of Retail Space Available in Ann Arbor, MI 48104
Highlights
- Growing downtown Ann Arbor location
- Beautiful brick exterior and excellent signage
- Professionally managed with 24/7 on-call emergency maintenance
- Located on the heavily trafficked corner of Packard Street and State Street
- Streamlined leasing experience for convenience and ease
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 2,980 SF | 1-10 Years | $13.69 CAD/SF/YR $1.14 CAD/SF/MO $40,788 CAD/YR $3,399 CAD/MO | Modified Gross | ||
| 1st Floor, Ste 640 | 4,218 SF | Negotiable | $34.22 CAD/SF/YR $2.85 CAD/SF/MO $144,333 CAD/YR $12,028 CAD/MO | Modified Gross |
Lower Level
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,198 SF of adjacent space
1st Floor, Ste 640
640 Packard presents a prime opportunity for restauranteurs and retailers seeking a vibrant, high-traffic location in downtown Ann Arbor. Boasting excellent street visibility and classic brick exterior charm, this property sits prominently on one of the city's busiest corridors - ensuring steady foot and vehicle traffic. Directly across the street, a new high-rise development with 376 planned residential units is underway, while less than a quarter of a mile away, the University of Michigan is building a 2,300-bed student dormitory. This rapidly growing neighborhood is becoming a hotspot - offering a built-in customer base for food and beverage concepts and retailers. With 3,782 square feet on the first floor, this expansive space offers exceptional versatility - ideal for a wide range of dining concepts or dynamic retail experiences, all within a thoughtfully designed and flexible layout.
- Listed rate may not include certain utilities, building services and property expenses
- Can be combined with additional space(s) for up to 7,198 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 640 Packard St, Ann Arbor, MI 48104
- Tenant
- Description
- US Locations
- Reach
- Subway
- Sub Sandwich
- 28,857
- International
| Tenant | Description | US Locations | Reach |
| Subway | Sub Sandwich | 28,857 | International |
Property Facts
| Total Space Available | 7,198 SF | Gross Leasable Area | 11,112 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Restaurant | Parking Ratio | 0.27/1,000 SF |
| Total Space Available | 7,198 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 11,112 SF |
| Year Built | 1920 |
| Parking Ratio | 0.27/1,000 SF |
About the Property
640 Packard presents a prime opportunity for restauranteurs and retailers seeking a vibrant, high-traffic location in downtown Ann Arbor. Boasting excellent street visibility and classic brick exterior charm, this property sits prominently on one of the city's busiest corridors -ensuring steady foot and vehicle traffic. Directly across the street, a new high-rise development with 376 planned residential units is underway, while less than a quarter of a mile away, the University of Michigan is building a 2,300-bed student dormitory. This rapidly growing neighborhood is becoming a hotspot -offering a built-in customer base for food and beverage concepts and retailers. With 3,782 square feet on the first floor, this expansive space offers exceptional versatility - ideal for a wide range of dining concepts or dynamic retail experiences, all within a thoughtfully designed and flexible layout.
- Bus Line
Nearby Major Retailers
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640 Packard St
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