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$ 650,000
Est. payment | /mo
4,356 Sqft Lot
$ 650,000
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Municipality Ann Arbor
Subdivision Ann Arbor
MLS Listing ID 20240066763
Originating Board Realcomp
Year Built 1965
Annual Tax Amount $13,700
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33.00 x 130.00
Property Description
Explore this investment property featuring a Little Caesars franchise and a boxing gym, offered at $650,000. The 3,348 sq. ft. building generates a net income of approximately $42,000 annually, with the pizzeria contributing $3,300 in monthly rent. The Little Caesars is secured with a five-year lease and options to renew for up to 15 years, with annual rent increases. The boxing gym operates on a month-to-month lease, providing flexibility and potential for increased rental income. All operating expenses are covered by the tenants. This property represents a solid investment opportunity with growth potential.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Zoning Commercial
Direction Located in Packard Platt Plaza Shopping center
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Block,Vinyl Siding
Schools
School District Ann Arbor
Others
Tax ID 091211208017
Listed by Century 21 Curran & Oberski