3000 Packard St Active Save Request In-Person Tour Request Virtual Tour
Ann Arbor,MI 48108 1998
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60338145
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 (81021)
Zoning Commercial
Building
Water Public Water
Structure Type Block,Vinyl Siding
Others
Ownership Private
Financing Cash,Conventional