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  1. Retail Space
  2. MI
  3. Ann Arbor
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For Lease

Town Centre

401-407 E Liberty St & 400 E Washington St, Ann Arbor, MI 48104

7,983

SF Available
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.

Key features

  • 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.

Rental Details

  • Number of spaces 4
  • Total square feet available 7,983 SF
  • For Lease $40.00 - $45.00/SF/YR
  • Space Types Street Retail, Retail
  • Lease Type Modified Gross, NNN
  • Date Updated May 19, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 4 Spaces Available

1A

  • Space Type Street Retail
  • Lease Rate $40.00/SF/YR
  • Total Space Available 1,228 SF
  • Divisible Space 1,228 - 1,228 SF
  • Available Date Immediate
  • Lease Type Modified Gross
  • Renewal Option Yes
  • Sublease No
broker
Kevin Berke

Keystone Commercial Real Estate

1B

  • Space Type Street Retail
  • Lease Rate $40.00/SF/YR
  • Total Space Available 1,597 SF
  • Divisible Space 1,597 - 1,597 SF
  • Available Date Immediate
  • Lease Type Modified Gross
  • Renewal Option Yes
  • Sublease No
broker
Kevin Berke

Keystone Commercial Real Estate

400 E Washington

  • Space Type Retail
  • Lease Rate $40.00/SF/YR
  • Total Space Available 2,408 SF
  • Divisible Space 2,408 - 2,408 SF
  • Available Date Immediate
  • Lease Type Modified Gross
  • Renewal Option Yes
  • Sublease No
broker
Kevin Berke

Keystone Commercial Real Estate

401 E Liberty

  • Space Type Retail
  • Lease Rate $45.00/SF/YR
  • Total Space Available 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.

broker
Kevin Berke

Keystone Commercial Real Estate

Contacts

broker
Kevin Berke

Keystone Commercial Real Estate

Building Details

  • 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 19, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Walker's Paradise (98)
  • Transit Score ®

    Excellent Transit (78)
  • Bike Score ®

    Very Bikeable (88)
Powered by Walk Score ®

Location

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

Points of Interest

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

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

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

401-407 E Liberty St & 400 E Washington St Listing Summary

  • The Price for Retail Space at 401-407 E Liberty St & 400 E Washington St

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 401-407 E Liberty St & 400 E Washington St, asking rent starts at $$40.00/SF/YR per square foot.

    401-407 E Liberty St & 400 E Washington St is located in the Downtown Ann Arbor neighborhood, which is home to a total of 16 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 401-407 E Liberty St & 400 E Washington St

    401-407 E Liberty St & 400 E Washington St has a total of 7,983 square feet of retail space for rent. Lease types available at the property include Modified Gross, NNN lease terms. However, it should be noted that retail spaces come in different shapes and sizes, with different types of spaces serving the needs of different businesses. Out of the total retail space at this address, 2,825 square feet are Street Retail.

    401-407 E Liberty St & 400 E Washington St also has 2 Retail space(s), which represents a total of 5,158 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 4 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 401-407 E Liberty St & 400 E Washington St, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Downtown Ann Arbor Neighborhood

    401-407 E Liberty St & 400 E Washington St is located in the Downtown Ann Arbor neighborhood of Ann Arbor. The Downtown Ann Arbor retail market offers 16 retail listing(s), representing a total of 39,705 square feet of retail space for lease.

    The most common retail type in the Downtown Ann Arbor neighborhood is Restaurant, of which the market currently offers 2 space(s). You can also find 2 Street Retail space(s). Additionally, leasing opportunities here include 1 General Office space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Downtown Ann Arbor resident is 23 years old, and the median household income here is $64,231 per year.

Contact Listing Broker
broker
Kevin Berke

Keystone Commercial Real Estate

  1. 1Main information
  2. 2Extra information
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