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$1,625,000 for Sale

221 w liberty, ann arbor, MI 48104

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Property Description
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.
General Information
Sale Price: $1,625,000
Price/SqFt: $644
Status: Active
MLS#: 50170591
City: ann arbor
Post Office: ann arbor
County: Washtenaw
Acres: 0.15
Lot Dim: 70X110X66X87
Size: 2,525 sq.ft.
Acreage: 0.15 est.
Year Built: 1928
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes:  $19,065
Est. Winter Taxes:  $5,419


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Desert Klein-Kassab of Real Estate One/Max Broock Realtors

This listing last updated: Thu, April 10, 2025 at 4:35:27 PM EDT

MIRealSource Listing Data Last Updated On Sunday, June 15 2025 at 12:09am
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Listings presented by:
Desert Klein-Kassab
Real Estate One/Max Broock Realtors
Call: (734) 678-9769

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