3000 Packard St Ann Arbor, MI 48108

Property Details for 3000 Packard St

Year built

1965

Lot size

0.10 lot acres

Zone code

C2B

Property type

Commercial real estate

APN

09-12-11-208-017

APU

91211208017

Description

This exceptional investment opportunity in Ann Arbor, Michigan, presents a 3,348 square foot commercial property located within the Packard Platt Plaza Shopping Center at 3000 Packard Street, zip code 48108. Currently housing a Little Caesars franchise and a boxing gym, this property generates a substantial net annual income of approximately $40,000. The Little Caesars location is secured by a five-year lease with options to renew for up to fifteen years, featuring annual rent increases. This provides a stable and predictable income stream. The pizzeria contributes $3,300 in monthly rent. The boxing gym operates on a month-to-month lease, offering flexibility and significant upside potential for future rental income growth. All operating expenses are entirely covered by the tenants, minimizing your financial burden. This turnkey operation in a high-traffic shopping center presents a compelling investment opportunity with strong potential for long-term appreciation and consistent cash flow. The property is situated in Washtenaw County and offers a rare chance to acquire a well-established, income-producing asset in a thriving Ann Arbor location. This is an ideal investment for those seeking a stable, high-yield property with significant growth potential.