3000 Packard St Active Save Request In-Person Tour Request Virtual Tour
Ann Arbor,MI 48108
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Subdivision Wagner Mccomb Blvd Gardens Sub
MLS Listing ID 20240066763
Originating Board Realcomp II Ltd
Year Built 1965
Annual Tax Amount $13,700
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33.00 x 130.00
Property Description
Explore this investment property featuring a Little Caesars franchise and a boxing gym, offered at $650,000. The 3,348 sq. ft. building generates a net income of approximately $42,000 annually, with the pizzeria contributing $3,300 in monthly rent. The Little Caesars is secured with a five-year lease and options to renew for up to 15 years, with annual rent increases. The boxing gym operates on a month-to-month lease, providing flexibility and potential for increased rental income. All operating expenses are covered by the tenants. This property represents a solid investment opportunity with growth potential.
Location
State MI
County Washtenaw
Area Ann Arbor
Zoning Commercial
Direction Located in Packard Platt Plaza Shopping center
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Vinyl
Schools
School District Ann Arbor
Others
Tax ID 091211208017
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Full Service