510 S Main St

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510 S Main St

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

What's Special

510 South Main Street is situated in the heart of downtown Ann Arbor, a high-traffic district characterized by a mix of historic architecture and modern commercial storefronts. The property is located blocks away from the University of Michigan campus and is surrounded by a dense concentration of established local restaurants, boutique shops, and professional offices. The area is highly pedestrian-friendly and well-served by multiple AAATA bus routes. Public parking structures and street parking are available in the immediate vicinity, providing accessibility for regional visitors. The building’s prominent street frontage and central location make it suitable for a variety of retail applications, including high-end showrooms, specialty boutiques, or consumer service providers. The layout accommodates businesses seeking high visibility and consistent foot traffic from students, residents, and downtown employees. Ideal tenants typically include established retail brands or service-oriented businesses looking to benefit from the neighborhood’s diverse demographic profile and the area's reputation as a premier regional shopping and dining destination.

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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