640 Packard

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640 Packard

ann-arbor, MI 48104
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

640 Packard is situated in the South University submarket of Ann Arbor, positioned at the intersection of Packard Street and State Street. This location is characterized by high pedestrian traffic due to its proximity to the University of Michigan central campus and residential student housing. The surrounding neighborhood features a mix of local eateries, service-oriented businesses, and convenience retail. Access to the property is supported by the TheRide bus system, with multiple transit stops located within a oneblock radius. The asset is suitable for retail operations prioritizing high-frequency interaction with a dense student and faculty population. Ideal use cases include boutique fitness studios, quick-service food and beverage concepts, or small-format convenience retail. Typical tenants for this location include established local brands and regional franchises seeking visibility within a walkable, urban collegiate environment. The layout supports businesses requiring storefront exposure and consistent foot traffic throughout the academic year.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times