3000 Packard Street, Ann Arbor, MI 48108
COMMERCIAL - Ann Arbor, MI
- Added:
- Jul 23, 2025
- Days on Market:
- 324
- Last Refresh:
- Jun 11 at 3:06 pm
Property Features for 3000 Packard Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 09-12-11-208-017
- Size
- 3,348 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PRT LOT 1 BEG NW COR TH N 89 DEG 14 MIN 20 SEC E 32.65 FT TH S 0 DEG 45 MIN 40 SEC E 130 FT TH S 89 DEG 14 MIN 20 SEC W
- Tax Annual Amount
- 14500
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 2
Listing agent Mahmune Kasham (734) 368-2096
Listing office Dunum, LLC 3909 Research Park Dr. #100, Ann Arbor, MI (734) 368-2096
Listing date Jul 23, 2025
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime corner location in Ann Arbor, minutes from downtown and the University of Michigan.
- High‑visibility retail property with a national tenant (Little Caesars).
- Strong cash flow from fully occupied property with long‑term upside.
- NNN leases with tenants paying all expenses.
- Opportunity to increase rents at renewal due to below‑market rates.
- Low‑maintenance, income‑producing asset.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $18.00 |
| − Vacancy | −$3.6k | −$1.08 |
| EGI | $56.6k | $16.92 |
| − OpEx | −$17.0k | −$5.08 |
| NOI | $39.7k | $11.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.69991
- Latitude
- 42.244548
