111 Main St Ann Arbor, MI 48104

This exceptional mixed-use investment property, located at 111 S Main St in Ann Arbor, Michigan, presents a rare opportunity. The 13,316 square foot building, constructed in 1901 and renovated in 2018, boasts four tenants across its four stories, resulting in 100% occupancy and a strong Net Operating Income (NOI) of $506,373. The property is currently operating under a triple-net lease (NNN) structure, minimizing landlord responsibilities. The asking price is $8,100,000, representing a compelling 6.25% cap rate. Situated in the heart of downtown Ann Arbor's vibrant core, within walking distance of the University of Michigan, this property benefits from high foot traffic and exceptional visibility. Its Downtown Core District - D1 zoning allows for significant vertical development potential, up to 20 stories, offering substantial long-term value appreciation. The property's tenant mix includes a pharmacy/drug store and storefront retail, providing a diversified income stream. The strategic location, coupled with the strong tenant occupancy and the potential for future development, makes this a truly exceptional investment opportunity in a high-growth market. The property's parcel number is 09-09-29-132-014. This is a unique chance to acquire a stabilized, high-performing asset in one of the nation's most desirable college towns.