For Sale
$590,000

3000 Packard St Ann Arbor, MI 48108

High-Yield Commercial Land, $590K

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity in Ann Arbor, Michigan, presents a 3,348 square foot commercial property located within the Packard Platt Plaza Shopping Center at 3000 Packard Street, zip code 48108. Currently housing a Little Caesars franchise and a boxing gym, this property generates a substantial net annual income of approximately $40,000. The Little Caesars location is secured by a five-year lease with options to renew for up to fifteen years, featuring annual rent increases. This provides a stable and predictable income stream. The pizzeria contributes $3,300 in monthly rent. The boxing gym operates on a month-to-month lease, offering flexibility and significant upside potential for future rental income growth. All operating expenses are entirely covered by the tenants, minimizing your financial burden. This turnkey operation in a high-traffic shopping center presents a compelling investment opportunity with strong potential for long-term appreciation and consistent cash flow. The property is situated in Washtenaw County and offers a rare chance to acquire a well-established, income-producing asset in a thriving Ann Arbor location. This is an ideal investment for those seeking a stable, high-yield property with significant growth potential.

Highlights

  • $590,000 asking price.
  • 3,348 square foot commercial land parcel.
  • Located in Ann Arbor, MI, at 3000 Packard Street, in the Packard Platt Plaza Shopping Center.
  • Features a Little Caesars franchise (5-year lease with renewal options) and a boxing gym (month-to-month lease).
  • Generates approximately $40,000 annual net income.

Property Details for 3000 Packard St

Property type
Specialty properties, Land
Square Feet
3,348 SF

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.244597
Longitude
-83.699861
3000 Packard St, Ann Arbor, Michigan

FAQs

What type of property is this?
Specialty property - High-Yield Commercial Land, $590K
Where is the specialty property located?
The property is located at 3000 Packard St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: $590,000 asking price.; 3,348 square foot commercial land parcel.; Located in Ann Arbor, MI, at 3000 Packard Street, in the Packard Platt Plaza Shopping Center.
How can I contact the broker?
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3000 Packard St
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