Town Centre

For Lease

401-421 E Liberty St & 400 E Washington St, Ann Arbor, MI 48104

You can currently find 5 retail space(s) available for lease at Town Centre. Designated use type for space listed here includes street retail and retail. Current retail listings at this property total 9,728 square feet. Lease type options include Modified Gross. Expand the listing and property details below for additional information on leasing opportunities at Town Centre.

Space Available For Lease 5

Contacts

broker
Kevin Berke

Keystone Commercial Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 28,360 SF
  • Units 5
  • Lot Size 1.1 Acre
  • Year Built 1972
  • Date Updated Jul 30, 2025
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.
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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.

Getting around

  • 98/100

    Walk Score ®

  • 78/100

    Transit Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Ann Arbor

    0.57 miles

  • Mobil

    0.30 miles

  • BP

    0.35 miles

  • Clark

    0.47 miles

  • Circle K

    1.49 miles

  • Sunoco

    1.51 miles

  • Speedway

    1.64 miles

  • Shell

    1.69 miles

  • Marathon

    1.85 miles

  • Enel

    1.93 miles

  • ChargePoint

    2.60 miles

  • Liberty Square

    0.07 miles

  • South Fifth Ave parking lot

    0.08 miles

  • Maynard Parking Structure

    0.10 miles

  • Post Office Parking

    0.13 miles

  • U-M Lot W13

    0.18 miles

  • Thayer Street Parking Structure

    0.20 miles

  • Fourth & Washington parking structure

    0.21 miles

  • Fourth & William parking structure

    0.22 miles

  • U-M Lot C2

    0.24 miles

  • William & Main Street Lot

    0.25 miles

  • Condado Tacos

    0.00 miles

  • Mani Osteria and Bar

    0.02 miles

  • Tios Mexican Cafe

    0.02 miles

  • Isalita

    0.03 miles

  • Tomukun Korean BBQ / Noodle Bar

    0.05 miles

  • Fat Daddy's

    0.06 miles

  • TK WU

    0.07 miles

  • Taste Kitchen

    0.08 miles

  • Jerusalem Garden

    0.08 miles

  • Knight's Downtown Steakhouse

    0.10 miles

  • Kanbu Asian Mart

    0.13 miles

  • Target

    0.16 miles

  • People's Food Co-op

    0.28 miles

  • Kerrytown Market

    0.36 miles

  • By The Pound

    1.49 miles

  • Gordon Food Service

    1.66 miles

  • Arbor Farms Market

    1.75 miles

  • Busch's Fresh Food Market

    1.83 miles

  • ALDI

    1.84 miles

  • Kroger

    1.96 miles

401-421 E Liberty St & 400 E Washington St Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    401-421 E Liberty St & 400 E Washington St is located in Downtown Ann Arbor, which is home to a total of 10 listing(s). Retail space at Town Centre asks $42.50/SF/YR per square foot.

  • The property includes 9,728 square feet of retail space for lease. Of this total, 4,820 square feet are Street Retail, 4,908 square feet are Retail.

    Lease agreement conditions for the availability at this property include Modified Gross.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Downtown Ann Arbor is 22. The average household income here is $79,039 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Kevin Berke

Keystone Commercial Real Estate

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  2. 2Extra information
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