Original Mike's | 100 S Main St
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Original Mike's 100 S Main St
20,291 SF Retail Building Santa Ana, CA 92701 $11,500,000 ($566.75/SF)
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INVESTMENT HIGHLIGHTS
- 100 S Main Street is a solid investment opportunity to own a successful restaurant with excess land primed for development.
- Formerly a modern entertainment destination with many open seating areas, an outdoor courtyard, VIP Rooms, and multiple bars.
- Expansive excess land is perfect for additional retail and mixed-use development, with a CUP for residential.
- Downtown Santa Ana location with tremendous access and street frontage off S Main and W 1st Street, frequented by over 67,199 vehicles per day.
EXECUTIVE SUMMARY
Caribou Industries is pleased to provide the opportunity to obtain the fee simple interest in 100 S Main Street in Santa Ana, California. This offering consists of Original Mike’s restaurant and its excess parking lot. The excess land allows a developer to construct additional leasable areas in the adjacent parking lot. In addition, the site has a CUP (Conditional Use Permit) for 14 new live/work-style lofts.
An ideal turnkey restaurant opportunity, the Original Mike’s building boasts incredible architecture and character with open ceilings and a modern open kitchen concept. This outstanding establishment was recognized as a top-rated restaurant and event center for over 13 years.
Original Mike’s site has multiple access points and curb cuts at the rear of the property along both Sycamore Street and W Walnut Street. It also has over 525 linear feet of frontage along W 1st Street and S Main Street. Seize the chance to join other retail operators that have transformed the Downtown Santa Ana landscape, including Playground, Mix-Mix Kitchen, Eat Chow, Crave, Lola Gaspar, Wursthaus, Chapter One, Pizza Press, Portola’s Coffee, and many others.
100 S Main Street is located within the heart of Downtown Santa Ana and within the Santa Ana Specific Plan. Historically, the City of Santa Ana has encouraged and supported an additional retail and/or mixed-use development that plans to promote economic growth, connectivity, and urbanism within the Downtown Santa Ana area. Contact Caribou Industries today for more details.
An ideal turnkey restaurant opportunity, the Original Mike’s building boasts incredible architecture and character with open ceilings and a modern open kitchen concept. This outstanding establishment was recognized as a top-rated restaurant and event center for over 13 years.
Original Mike’s site has multiple access points and curb cuts at the rear of the property along both Sycamore Street and W Walnut Street. It also has over 525 linear feet of frontage along W 1st Street and S Main Street. Seize the chance to join other retail operators that have transformed the Downtown Santa Ana landscape, including Playground, Mix-Mix Kitchen, Eat Chow, Crave, Lola Gaspar, Wursthaus, Chapter One, Pizza Press, Portola’s Coffee, and many others.
100 S Main Street is located within the heart of Downtown Santa Ana and within the Santa Ana Specific Plan. Historically, the City of Santa Ana has encouraged and supported an additional retail and/or mixed-use development that plans to promote economic growth, connectivity, and urbanism within the Downtown Santa Ana area. Contact Caribou Industries today for more details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
20,291 SF
Building Class
C
Year Built
1924
Price
$11,500,000
Price Per SF
$566.75
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
1.74 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Retail/Office/Medical.
Parking
156 Spaces (7.69 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (97)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
60,167
305,896
653,564
1,041,563
2029 Population
59,326
301,543
644,945
1,027,701
2024-2029 Projected Population Growth
-1.4%
-1.4%
-1.3%
-1.3%
Median Age
33.0
34.7
36.1
37.4
College Degree + Higher
9%
16%
26%
23%
Daytime Employees
20,580
158,643
458,020
885,218
Total Businesses
3,172
21,519
52,826
84,955
Average Household Income
$76,202
$99,696
$109,730
$118,739
Median Household Income
$57,667
$78,306
$87,472
$93,973
Total Consumer Spending
$442M
$2.9B
$7.2B
$12.3B
2024 Households
13,955
77,762
190,063
321,193
Average Home Value
$655,058
$654,335
$704,302
$763,496
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Peroni Pizza | - | - | 3 min walk |
| OmG Omakase by Gino | Japanese | $$$ | 3 min walk |
| Mariscos Clemente | Mexican | $ | 4 min walk |
| Congregation Ale House | Gastropub | - | 5 min walk |
| El Mercado Modern Cuisine | Contemporary | $$ | 6 min walk |
| McDonald's | - | - | 6 min walk |
| Chapter One | American | $$ | 5 min walk |
| Subway | - | - | 6 min walk |
| Waba Grill | - | - | 6 min walk |
| Kebab Place | American | $$$ | 6 min walk |
RETAIL |
||
|---|---|---|
| CVS Pharmacy | Drug Store | 2 min walk |
| Wells Fargo Bank | Bank | 5 min walk |
| CrossFit | Fitness | 6 min walk |
| Food 4 Less | Supermarket | 6 min walk |
| The UPS Store | Business/Copy/Postal Services | 6 min walk |
| Marshalls | Dept Store | 6 min walk |
| United States Postal Service | Business/Copy/Postal Services | 8 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 9 min walk |
| Northgate Gonzalez Market | Supermarket | 10 min walk |
| 7-Eleven | Convenience Market | 12 min walk |
HOTELS |
|
|---|---|
| Holiday Inn Express |
161 rooms
3 min drive
|
| Courtyard |
155 rooms
7 min drive
|
| Best Western |
33 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,045,564 | |
| Land Assessment | $2,997,950 | Total Assessment | $4,043,514 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,997,950
Improvements Assessment
$1,045,564
Total Assessment
$4,043,514
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Original Mike's | 100 S Main St
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