COMMERCIAL REDEVELOPMENT OPPORTUNITY - ADRIAN, MI

Industrial for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30732785
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 16,058 SF
Gross Building Area: See Agent
Gross Land Area: 1.54 Acres
Sale Price: $225,000
Unit Price: $14.01 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Door
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2021

Overview / Comments

COMMERCIAL REDEVELOPMENT OPPORTUNITY: Flex building on 2 parcels totaling 1.54 acres in Adrian’s historic downtown district. 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. Properties offer great visibility, ample parking and easy access from US-223 and M-52.

Adjacent property, 133 N. Winter St., available for separate purchase. Combined parcels, 133, 155 & 205 N. Winter St., also available for purchase.

Additional Details

Nearest MSA: Adrian
County: Lenawee
Submarket Type: Central Business District
Taxing Authority: Adrian, City of
Tax ID/APN: 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: 2
Number of Stories: 2
Roof Type: Flat
Construction/Siding: Block, Brick, Other
Parking Type: Surface
Overhead Cranes: Undisclosed
Sprinklers: None
Zoning Description: B-3, Central Business District
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 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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