808 State StAnn Arbor, MI 48104

Property Details for 808 State St

Property size (Sq ft)

986 SF

Property type

Commercial real estate

Description

Own a piece of Ann Arbor history with this established restaurant, Mr. Spots, located at 808 S. State St., Ann Arbor, MI 48104. This 986 square foot, single-story business boasts a rich 37-year history, serving iconic Philly cheesesteaks, chicken wings, and waffle fries. Its prime location near the University of Michigan's Central Campus and downtown Ann Arbor ensures consistent customer traffic. The business operates under a NNN lease. The asking price is $1,200,000, translating to $1,217.04 per square foot. Significant growth potential exists due to the business's strong reputation, high-quality ingredients, and stable management. Further growth could be achieved through minor upgrades and increased social media presence. The area is experiencing significant development, including new residential complexes and high-rise buildings, promising increased foot traffic and revenue opportunities. This is an owner/user investment opportunity. This well-loved community establishment, even frequented by sports legends, offers a solid foundation for continued success and expansion. Don't miss this chance to acquire a thriving business in a vibrant and growing area.

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2716

Longitude

-83.7409

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].