$1,625,000

2,525

square ft

221 W Liberty Street

Ann Arbor, Michigan 48104

New / MLS #58050170591 / Commercial / Mixed Use / Ann Arbor

Listing information updated 4/10/2025 at 4:05pm

Development opportunity in downtown Ann Arbor: 221 W Liberty sits on a high foot-traffic corner at Liberty and First (includes the adjacent parcel at 305 S 1st St), offering a fully built-out turnkey restaurant space in one of the city's most active commercial corridors. The location provides excellent visibility and walkability, surrounded by businesses, nightlife, and close to the University of Michigan. The property includes a 2,525 SF building on a 6,600 SF lot within the D2 zoning district, allowing for a range of redevelopment options. D2 zoning supports mixed-use projects, including residential, office, and commercial development, with height allowances up to 60 feet, subject to design standards. The site also has the potential for Brownfield TIF, offering financial incentives for eligible redevelopment projects. Ideal for restaurateurs, investors, or developers, this property offers both immediate utility and long-term potential in one of Michigan's most vibrant urban markets.

Full Features

Lot Size:

0.15 Acres

Acreage:

0.15

Built:

1928

Cooling System:

Central Air

Roof:

Stone

Business Use:

Restaurant

Zoning:

Commercial

Building Square Feet:

2,525

Taxes & Assessments

Tax Amount:

$24,484

Tax Year:

N/A

Location

Zip Code:

48104

City:

Ann Arbor

County:

Washtenaw

Full Features Taxes & Assessments Location

Lot Size:

0.15 Acres

Acreage:

0.15

Built:

1928

Cooling System:

Central Air

Roof:

Stone

Business Use:

Restaurant

Zoning:

Commercial

Building Square Feet:

2,525

Listing Office: Real Estate One/Max Broock Realtors

Listing Office Phone: 734.662.8600

Disclaimer: IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, © 2025 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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Ann Arbor, MI

Ann Arbor is a vibrant and diverse city that exudes a unique blend of academic energy, cultural richness, and small-town charm. Home to the University of Michigan, the city boasts a dynamic blend of students, professionals, and families. The downtown area is a hub of activity, featuring an array of...

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221 W Liberty Street is a commercial / mixed use currently listed at $1,625,000. This commercial / mixed use has been listed on @properties REMI Christie's International Real Estate since April 5th, 2025 and was built in 1928.

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