3000 Packard StAnn Arbor, MI 48108

Property Details for 3000 Packard St

Year built

1965

Lot size

0.10 AC

Zone code

C2B

Property type

Commercial real estate

APN

09-12-11-208-017

APU

91211208017

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $836,486

  Hospitality

  $766,217

  Educational

  $637,484

  Medical

  $659,408

  Retail

  $991,641

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2446

Longitude

-83.6999

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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