10
See all 10 photos
$650,000
Est. payment /mo
4,356 Sqft Lot
Active
3000 Packard St Ann Arbor, MI 48108 1998
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
12/31/2024 03:30 PM
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 Sub-Type Commercial/Industrial
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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski