DOWNTOWN REDEVELOPMENT OPPORTUNITY - ADRIAN, MI

Industrial for Sale
Sale Pending
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30732804
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 35,479 SF
Gross Building Area: See Agent
Gross Land Area: 2.37 Acres
Sale Price: $600,000
Unit Price: $16.91 PSF
Ceiling: 11 ft.
Docks/Doors: 1 Dock, 1 Door
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2021

Overview / Comments

DOWNTOWN REDEVELOPMENT OPPORTUNITY: Three buildings totaling approx. 35,479 SF on 3 parcels totaling 2.37 acres in Adrian’s historic downtown district. 133 N. Winter St. features a freestanding, approx. 19,421 SF flex building on a 0.83-acre parcel. Constructed in 1935, building offers an approx. 12,041 SF office/shop space with reception area, multiple private offices, open workspace, kitchen/breakroom, men’s/women’s restroom and former production area (shut down November 2020) with plenty of natural light, 16’ column spacing, heavy power with exterior transformer and 9’x9’ loading dock. Current home of the Daily Telegram, which will relocate upon sale of property. 155 N. Winter St. offers an approx. 2,858 SF (40’x73’) vacant flex building on a 0.15-parcel and features a lobby/reception area, multiple private offices, open workspace, cold storage area with GLOH door and finished basement. 205 N. Winter St. offers an approx. 13,200 SF (65’x102’), 2-story former Adrian Eagles building on a 1.39-acre parcel. Site offers great visibility, ample parking and easy access from US-223 and M-52.

Individual parcels, 133 N. Winter St. and 155 & 205 N. Winter St., also available for separate purchase.

Additional Details

Nearest MSA: Adrian
County: Lenawee
Submarket Type: Central Business District
Taxing Authority: Adrian, City of
Tax ID/APN: XA0-000-0068-00 (133), XA0-000-0071-00 (155) & XA0-000-0072-00 (205)
Zoning: B-3, CENTRAL BUSINESS DISTRICT
Property Located Between: W. Maumee St. and W. Front St.
Highway Access: Easy access from US-223 and M-52
Area Description: Located in Adrian's historic downtown district.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Roof Type: Flat
Construction/Siding: Block, Brick, Other
Parking Type: Surface
Column Spacing: 16
Overhead Cranes: Undisclosed
Zoning Description: B-3, Central Business District
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 133 - N 67 FT LOT 67 & N 8 FT LOTS 68, 69 & 70 AND S 15 FT LOT 71 ORIGINAL PLAT & LOTS 8,10,11 & E 167 FT LOT 9 BLK 2 ASSESSORS PLAT 11 OWNED &OCCUPIED AS ONE PARCEL 155 - N 51 FT LOT 71 ORIGINAL PLAT 205 - LOT 72 & S 20 FT LOT 73 ORIGINAL PLAT & LOT 12 BLK 2 ASSESSORS PLAT 11

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,675 27,261 40,189
Median Age: 32.73 35.52 37.52
Households: 4,888 9,309 14,211

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