Drug Store with
For Lease
$29.50 SF/Yr
2980 Packard St, Ann Arbor, MI 48108
C2B-zoned retail property at a signalized intersection with separate access points.
Space SizeContact for details
Days on Market317
Property Features for 2980 Packard St
General Information
Standard status
Active
Property subtype
Retail
Zoning
C2B
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Drive-Thru with Canopy
Tall Monument Sign
2 Curb Cuts
Listing Agency:
Colliers
Listed By:
Layth Barash
(249) 540-1000
Source:
Cpix.resimplifi
Added: Oct 22, 2025
Changed: Sep 2
Last Checked: Aug 30 at 12:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers
Investment Insights
Based on property information with market context.
This drug store property occupies the signalized intersection of Packard Street and Platt Road in Ann Arbor. The site includes a drive-through with canopy, more than 50 surface parking spaces, a tall monument sign, and two curb cuts. Existing occupancy by Rite Aid dates to 2008.
The property provides 280 feet of frontage along Packard Road and 268 feet along Platt Road. Intersection traffic exceeded 41,000 vehicles per day in 2024, according to MDOT. The site is positioned near US-23 and I-94, with the University of Michigan campus less than 3 miles away. C2B zoning applies to the property.
The property provides 280 feet of frontage along Packard Road and 268 feet along Platt Road. Intersection traffic exceeded 41,000 vehicles per day in 2024, according to MDOT. The site is positioned near US-23 and I-94, with the University of Michigan campus less than 3 miles away. C2B zoning applies to the property.
Key Highlights
- Drug store property at the signalized Packard Street and Platt Road intersection
- Drive‑through with canopy and more than 50 surface parking spaces
- 280 feet on Packard Road and 268 feet on Platt Road
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.43 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Rite Aid Pharmacy — 2980 Packard St, Ann Arbor, MI 48108
- Packard Discount Pharmacy — 3152 Packard St, Ann Arbor, MI 48108
- Castle Remedies — 2345 S Huron Pkwy, Ann Arbor, MI 48104
- Clark Professional Pharmacy — 3280 Washtenaw Ave B, Ann Arbor, MI 48104
- Ahed Salamen — 3280 Washtenaw Ave B, Ann Arbor, MI 481044283
Frequently Asked Questions
What type of property is this?
Drug store - C2B-zoned retail property at a signalized intersection with separate access points.
Where is this drug store located?
The property is located at 2980 Packard St Ann Arbor, MI.
What is the lease rate?
The lease rate is $29.50 SF/Yr.
What are key features of this property?
This property features: Drug store property at the signalized Packard Street and Platt Road intersection; Drive‑through with canopy and more than 50 surface parking spaces; 280 feet on Packard Road and 268 feet on Platt Road
