3000 Packard St
Ann Arbor, Michigan 48108, United States

Ann Arbor, Michigan 48108, United States
Listed By CENTURY 21 Curran & Oberski

The Commercial for Sale located at 3000 Packard St Ann Arbor Michigan 48108 is currently for Sale, 3000 Packard St Ann Arbor Michigan 48108 is listed for $650,000. If the property located at 3000 Packard St Ann Arbor Michigan 48108 isn't what you're looking for, search Michigan Real Estate to see other Commercial for Sale in Ann Arbor .

MLS#: 20240066763

$650,000 USD

Minimum sellable space
311m² (3,348ft²)
The details

Property features

Date Updated: Nov 10, 2024

Construction details

Year built
1965

Area

Property size
311m² (3,348ft²)

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.

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Location

3000 Packard St, Ann Arbor, Michigan 48108, United States
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