For Sale – Restaurant and Multifamily Property

627 E University Ave, Ann Arbor, MI 48104

Property Information

  • For Sale $2,000,000
  • Property Type Retail
  • Property Size 2,730 SF
  • Date Updated Nov 4, 2026

Description

Unique Central Campus opportunity featuring two properties on one parcel, including an 874 SF standalone restaurant and adjacent 1,856 SF, five-bedroom rental home. Historically home to Ray’s Red Hots, the restaurant offers an efficient footprint and established campus presence, while the residence provides a traditional student housing alternative. Surrounded by student housing, restaurants, retail and University of Michigan activity, the property offers a distinctive investment opportunity in the heart of Ann Arbor’s campus community.

Available

Contacts

Location

Located at 627 E University Ave, Ann Arbor, MI 48104, this property is part of the Burns Park neighborhood and Detroit market.

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