$1,625,000 for Sale
221 w liberty, ann arbor, MI 48104
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.
General Information
Sale Price: $1,625,000
Price/SqFt: $644
Status: Active
MLS#: 50170591
City: ann arbor
Post Office: ann arbor
County: Washtenaw
Acres: 0.15
Lot Dims: 70X110X66X87
Size: 2,525 sq.ft.
Acreage: 0.15 est.
Year Built: 1928
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $19,065
Est. Winter Taxes: $5,419

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Listing By: Desert Klein-Kassab of Real Estate One/Max Broock Realtors, Phone: 734-662-8600