37
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$1,625,000
Est. payment /mo
2,525 SqFt
Active
221 W Liberty Street Ann Arbor, MI 48104-1322
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,525 sqft
Price per Sqft $643
Subdivision Mi
MLS Listing ID 50170591
Year Built 1928
Annual Tax Amount $24,484
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 70X110X66X87
Property Sub-Type Commercial/Industrial
Property Description
Development opportunity in downtown Ann Arbor: 221 W Liberty sits on a high foot-traffic corner at Liberty and First (includes the adjacent parcel at 305 S 1st St), offering a fully built-out turnkey restaurant space in one of the city's most active commercial corridors. The location provides excellent visibility and walkability, surrounded by businesses, nightlife, and close to the University of Michigan. The property includes a 2,525 SF building on a 6,600 SF lot within the D2 zoning district, allowing for a range of redevelopment options. D2 zoning supports mixed-use projects, including residential, office, and commercial development, with height allowances up to 60 feet, subject to design standards. The site also has the potential for Brownfield TIF, offering financial incentives for eligible redevelopment projects. Ideal for restaurateurs, investors, or developers, this property offers both immediate utility and long-term potential in one of Michigan's most vibrant urban markets.
Location
State MI
County Washtenaw
Area Ann Arbor (81021)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features 6-10 Spaces
Roof Type Slate
Building
Foundation Slab
Water Public Water
Structure Type Stucco
Others
Ownership Private
SqFt Source Estimated
Energy Description Electric,Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Estate One/Max Broock Realtors