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Financial
Distress signals
Property profile

3162 Packard St Ann Arbor, MI 48108

OFF-MARKET
Commercial real estate
Property ID
US43-0444286
6,006 SF 0.23 ac lot Built 1951
Last sale Feb 2025 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a free-standing retail building located at 3162 Packard St, Ann Arbor, MI 48108. The property, identified by APN 12-11-204-003, boasts a total of 6,533 square feet across two stories, built in 1951 and zoned C2B. The asking price is $799,999, translating to a price per square foot of $122.46. The building's layout includes a first floor offering 3,846 square feet of retail space, ideal for a variety of uses. The second floor is partially…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value · 2024$333k
Effective rate6.14%

Value estimate

· Oct 2026
$670k
$603k – $737k
Submarket $/SF estimate$656k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$198/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$102 – $310
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2B
This district is designed to provide for certain types of commercial activities that have functional and economic relationships to downto...
General categoryCOMMERCIAL
JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.9
Law Firm18.9
Auto Parts Store13.4

Location

3162 Packard St Ann Arbor, MI 48108-1947
County assessor Recorded deeds · 7 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
501 Avis, Ann Arbor, MI 48108-9799 $6,670 Dec 2024 No data
620 Fairfield, Ann Arbor, MI 48108-9619 $1,000,000 Aug 2024 No data
3800 Varsity, Ann Arbor, MI 48108-2224 $1,500,000 Apr 2024 No data
3180 Packard, Ann Arbor, MI 48108-1947 $975,000 Oct 2023 No data
3186 Packard, Ann Arbor, MI 48108-1947 $975,000 Oct 2023 No data
3205 Boardwalk, Ann Arbor, MI 48108-1773 $25,696,000 Oct 2021 92,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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