- For Lease $40.00 - $45.00/SF/YR
- Property Type Retail - Street Retail
- Property Size 28,360 SF
- Units 5
- Lot Size 1.1 Acre
- Year Built 1972
- Date Updated May 18, 2026
Description
Located in the heart of Ann Arbor's vibrant downtown scene, the area surrounding the property is a bustling hub for retail and street retail tenants. With a perfect blend of historic charm and modern energy, this location offers a wealth of nearby attractions and amenities. Just steps away, tenants can discover popular destinations such as Main Street, State Street, and the University of Michigan campus. Diverse dining options, boutique shops, and lively entertainment venues create an enticing environment for businesses seeking high foot traffic and a dynamic customer base. With its prime position in this lively district, the area is an ideal setting for retail success.Town Centre offers five spaces of prime street retail space in the heart of downtown Ann Arbor at 401–421 E Liberty St & 400 E Washington St. Located steps from the University of Michigan and surrounded by heavy foot traffic, this high-visibility property features on-site garage and street parking, making it easily accessible. With over 52,800 students nearby and 400,000+ visitors during the annual Ann Arbor Art Fair, this is an ideal location for retailers looking to thrive in one of the top college towns in the country.
Highlights
- 400,000 attendees at the Ann Arbor Art Fair in July
- 52,800+ students enrolled at University of Michigan in 2024
- On-site parking garage and street parking for easy access
- Outstanding exposure in the heart of Ann Arbor
- Prime commercial location with high visibility
- Ranked one of the best college towns in the U.S.
True
4 Spaces Available
1A
Space Type
Street Retail
Lease Rate
$40.00/SF/YR
Total Space
1,228 SF
Divisible Space
1,228 - 1,228 SF
Available Date
Immediate
Lease Type
Modified Gross
Renewal Option
Yes
Sublease
No
1B
Space Type
Street Retail
Lease Rate
$40.00/SF/YR
Total Space
1,597 SF
Divisible Space
1,597 - 1,597 SF
Available Date
Immediate
Lease Type
Modified Gross
Renewal Option
Yes
Sublease
No
400 E Washington
Space Type
Retail
Lease Rate
$40.00/SF/YR
Total Space
2,408 SF
Divisible Space
2,408 - 2,408 SF
Available Date
Immediate
Lease Type
Modified Gross
Renewal Option
Yes
Sublease
No
401 E Liberty
Space Type
Retail
Lease Rate
$45.00/SF/YR
Total Space
2,750 SF
Divisible Space
2,750 - 2,750 SF
Available Date
Immediate
Lease Type
NNN
Renewal Option
Yes
Sublease
No
LL getting control over the liquor license now. The space has high ceilings, possibly room for a mezzanine.
Contacts
Kevin Berke
Keystone Commercial Real Estate
Location
Located at 401-407 E Liberty St & 400 E Washington St, Ann Arbor, MI 48104, this property is part of the Downtown Ann Arbor neighborhood and Detroit market.
Contact Listing Broker
Kevin Berke
Keystone Commercial Real Estate
