615 S Main St

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615 S Main St

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

What's Special

615 S Main St is located on the southern edge of downtown Ann Arbor, situated in a high-visibility corridor characterized by a mix of professional offices, local eateries, and residential developments. The property is positioned near the University of Michigan campus and is approximately three blocks from the central business district. The location offers pedestrian access to the Michigan Stadium area and is served by multiple AAATA bus routes. Street parking and public lots are available in the immediate vicinity, providing connectivity for both local residents and regional visitors. The site is suited for diverse retail applications, including boutique showrooms, consumer service providers, or specialty fitness studios. The property’s footprint and frontage on Main Street accommodate tenants seeking high brand exposure within a high-traffic urban environment. Ideal tenants include established local businesses or national franchisees that benefit from the student population and the consistent commuter traffic moving toward the city center. The surrounding demographic supports retail uses focused on convenience, lifestyle services, and elevated consumer goods.

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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