Map of Property

For Sale – Restaurant and Multifamily Property

For Sale

627 E University Ave, Ann Arbor, MI 48104

This Ann Arbor property for sale is located at 627 E University Ave. The current listed sale price for For Sale – Restaurant and Multifamily Property is $2,000,000.

Contacts

Jim Chaconas

Colliers

Property Details

  • Property Type Retail
  • Property Size 2,730 SF
  • Date Updated Nov 11, 2026

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

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Getting around

  • 93/100

    Walk Score ®

  • 75/100

    Transit Score ®

  • 90/100

    Bike Score ®

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Location

  • City Ann Arbor, MI
  • Neighborhood Burns Park
  • Zip Code 48104
  • Market Detroit

Points of Interest

  • Ann Arbor

    1.04 miles

  • Clark

    0.68 miles

  • Mobil

    0.74 miles

  • BP

    0.92 miles

  • Circle K

    0.96 miles

  • Sunoco

    0.97 miles

  • Shell

    1.80 miles

  • Speedway

    1.96 miles

  • Enel

    2.37 miles

  • ChargePoint

    2.57 miles

  • Tesla Supercharger

    2.77 miles

  • Forest Avenue parking structure

    0.10 miles

  • Hill Structure

    0.13 miles

  • Church St. Structure

    0.15 miles

  • University of Michigan Lot S5

    0.24 miles

  • Service Center Lot S9

    0.24 miles

  • U-M Lot C2

    0.36 miles

  • U-M Lot W13

    0.43 miles

  • Thompson Structure

    0.43 miles

  • Fletcher Structure

    0.44 miles

  • Thayer Street Parking Structure

    0.46 miles

  • Ray's Red Hots

    0.01 miles

  • Revive

    0.03 miles

  • Pizza House

    0.04 miles

  • East Quad Dining Hall

    0.06 miles

  • Bopjib

    0.06 miles

  • Cantina

    0.07 miles

  • Backroom Pizza

    0.08 miles

  • Playa Bowls

    0.09 miles

  • Joe's Pizza

    0.09 miles

  • Pancheros

    0.10 miles

  • Target

    0.47 miles

  • Kanbu Asian Mart

    0.68 miles

  • People's Food Co-op

    0.85 miles

  • Kerrytown Market

    0.91 miles

  • By The Pound

    1.07 miles

  • Trader Joe's

    1.57 miles

  • Busch's Fresh Food Market

    1.62 miles

  • Gordon Food Service

    2.04 miles

  • Arbor Farms Market

    2.10 miles

  • Whole Foods Market

    2.12 miles

Contact Listing Broker
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