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.
General Information
Sale Price: $650,000
Price/SqFt:
Status: Active
MLS#: rcomi20240066763
City: ann arbor
Post Office: ann arbor
Schools: ann arbor
County: Washtenaw
Acres: 0.1
Lot Dimensions: 33.00 x 130.00
Size: 0 sq.ft.
Acreage: 0.1 est.
Year Built: 1965
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $10,628 Est. Winter Taxes: $3,072
