423 S 4th Ave

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423 S 4th Ave

ann-arbor, MI 48104
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

423 South 4th Avenue is situated in the heart of downtown Ann Arbor, positioned between the vibrant Main Street district and the University of Michigan central campus. The property is surrounded by a mix of high-density residential developments, professional offices, and established local businesses. Nearby amenities include the Blake Transit Center, which serves as the city’s primary public transportation hub, and numerous public parking structures. The neighborhood exhibits high pedestrian traffic and is characterized by its walkable urban layout and proximity to the city's civic and cultural landmarks. The building is suited for a variety of retail applications such as boutique storefronts, quick-service cafes, or service-oriented businesses. Its location benefits from a demographic profile consisting of university students, faculty, and downtown professionals. The floor plan provides flexibility for tenants requiring high visibility and street-level access in a primary commercial corridor. Ideal occupants include national brands or local entrepreneurs seeking a presence in a high-demand submarket with consistent year-round foot traffic and proximity to the university's large daytime population.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times