400 N River Street, Ypsilanti, MI 48198 (MLS# 26041906)

400 N River Street, Ypsilanti, MI 48198

$8,999,999

Property Type: Commercial Sale Square Footage: 31,496 Lot Size (sq. ft.): 35,696 Status: Active

Current Price: $8,999,999 List Date: 8/11/2026 Last Modified: 8/18/2026

Overview

Description

A landmark opportunity more than 160 years in the making. Located at the gateway to Ypsilanti's historic Depot Town, the Thompson Block is an extraordinary mixed-use property combining irreplaceable historic character with modern construction, established commercial tenancy and multiple income streams. Originally built circa 1861, this beautifully restored three-story Italianate building has been recognized with a Governor's Award for Historic Preservation. The street level is home to Thompson & Co. restaurant and Mash bar, complemented by distinctive outdoor gathering spaces and a highly visible corner location. The upper floors feature 20 luxury loft residences thoughtfully designed to preserve the building's historic character while offering today's most desirable amenities. The sale includes the real estate only; the restaurant business is not included and will remain in place under its existing commercial lease.

Listing Details MLS# 26041906

Location Property Info

County: Washtenaw
Street #: 400
Street Direction: N
Street Name: River
Suffix: Street
State: MI
Zip Code: 48198

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.82
Lot Square Footage: 35696
Lot Dimensions: na
Year Built: 1861
Road Frontage: 129
Mineral Rights: No
Year Remodeled: 2021
Total # Units: 21
# Fin Bldg Lvls: 28562
# of Diff Unit Floor Plans: 21
Total # Bldgs: Yes
Total SqFt: 31496
Property Use Type: Business
Full Baths: 2
Waterfront: No
School District: Ypsilanti

Tax Info

Tax ID #: 11-88-04-495-023
Taxable Value: 71989
SEV: 189900
For Tax Year: 2025
Seller's Annual Property Tax: 19325
Tax Year: 2025
Non-Conforming Use: No
Zoning: C I

Additional Details

Passenger Elevators: Yes

Waterfront Options

Water Access Y/N: No

More Information

Property Features

Property Use: Business; Investment; Net Leased (nnn) SqFt Information: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Security System; Smoke Detector(s) Uses: Bar/Tavern/Lounge; Restaurant; Other Ownership: Partnership; Other Business Includes: Real Estate Construction Type: Block; Concrete; Steel; Other Exterior Material: Brick; Wood Siding Roofing: Rubber Foundation: Block; Slab Below Grade: Basement; Partial Additional Features: Barrier Free; Clearspan; Fire Sprinkler; Multi User Facility; Util Sep Mt Tenant Pays All: Building Insurance; Electric; Gas; Prop Taxes/Assess; Trash; Water; Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Street Type: Public Purchase Terms Avail: Cash; Other Docs at List Office: Aerial Photo; Survey; Other Docs Req Conf Agrmnt: Other Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5 Possession: Close Of Escrow; Negotiable; See Remarks

Listing Office: Real Estate One Inc

Listing Agent: Danielle Dunn

Last Updated: August - 18 - 2026

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