Homes for sale - 3000 Packard St, Ann Arbor, MI 48108

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Chris Hubel

chris@chrishubel.com +1(248) 568-6030

$ 650,000

Est. payment -/mo

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3000 Packard St Ann Arbor, MI 48108

4,356 Sqft Lot

UPDATED:

09/12/2024 10:02 PM

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

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

Listed by Jiryes Jarrous of Century 21 Curran & Oberski