3174 Packard St Ann Arbor, MI 48108
- Commercial real estate
Current Use by Public Records
- Buiten Cathy L / Nurse Practitioner
- Dr. Ravi A. Vadlamudi, MD / Family Practice Physician
- Dr. Joyce F. Koram, MD / Family Practice Physician
- Dr. Timothy D. Florence, MD / Psychiatrist
- Ronald Romero / Family Practice Physician / Practitioner Service Location
Property Details for 3174 Packard St
- Zone code
- C2B
- Property type
- Commercial real estate
- APN
- 09-12-11-204-030
- APU
- 91211204030
Description
This centrally located Ann Arbor medical office building offers 6,100 square feet of space, ideal for owner-users. Priced at $749,000 ($122.79/SF), the property sits on a 0.251-acre lot and is zoned C2B. The main level boasts a reception area, waiting room with high ceilings, multiple exam rooms, a second administrative area, kitchen/break room with rear yard access, restrooms, and private offices. The upper level, accessible from both inside and outside, features additional private offices, a large open workspace, and a restroom with a shower. Convenient parking is available. Situated on Packard St./Eisenhower Pkwy., this property enjoys high visibility and easy access between Ann Arbor and Ypsilanti, near established neighborhoods, retail, and businesses. Its proximity to Eastern Michigan University, Washtenaw Community College, and the University of Michigan adds to its appeal. The building is currently vacant, presenting a unique opportunity for immediate occupancy. The property's parcel number is 09-12-11-204-030.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $355,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $375,000
- Mixed-Use
- $445,000
- Hospitality
- $335,000
- Educational
- $450,000
- Residential Income
- $335,000
- Energy
- $360,000
- Income-Based Land
- $355,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.6966
- Latitude
- 42.2446
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
