Catylist ID:
#30775603
Retail Building + Outbuilding for Sale in Adrian
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30775603 |
| Property Subtypes: | Car Wash, Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Vehicle Related, Other |
| Status: | Pending |
| Building Size (RSF): | 13,655 SF |
| Gross Land Area: | 1.83 Acres |
| Sale Price: | $1,300,000 |
| Unit Price: | $95.20 PSF |
| Ceiling: | 17 ft. |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Versatile multi-building property with various possibilities! Two standalone buildings with 11 overhead doors total and an additional 21,000 SF vacant lot in rear. Fenced lot. Front building was most recently used as tire/auto repair shop. Back building was used primarily for storage. Many future use options! Property is located along BUS-223 near ample retail shopping, dining and lodging. Perfect for any skilled trade operation, truck repair or redevelopment project. As a bonus, there is a billboard signage (in parking lot) lease that provides $3,300 in extra revenue per year. AERIAL VIDEO TOUR: https://bit.ly/3pD3DxA |
Attachments & Media
Additional Details
| Nearest MSA: | Adrian |
| County: | Lenawee |
| Taxing Authority: | Madison Charter Township |
| Tax ID/APN: | MD0-110-4370-00 |
| Zoning: | C2 GENERAL HIGHWAY COMMERCIAL DISTRICT |
| Retail Clientele: | General, Business |
| Property Located Between: | US 223 & Beecher St. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | M-52, US-223 |
| Highway Access: | US-223, M-52 |
| Airports: | Toledo Express Airport 32.2 miles, Detroit Metro Airport 55.2 miles |
| Area Description: | Adrian is located in the southeast corner of Michigan, close to the Ohio border and is a city of arts, parks, and culture. Adrian serves as the county seat of Lenawee County and is home to Adrian College, Siena Heights University and Jackson College. Residents will tell you that we have a broad range of year-round activities, including Art-A-Licious, Blues & Brews Festival and downtown Adrian’s First Fridays. Throughout Adrian, residents can enjoy more than 17 community parks and open spaces, an award-winning school district and a historic downtown Adrian featuring 21st century dining, shopping and entertainment. Arts and cultural activities are the core of our downtown, anchored by the Croswell Opera House, the longest continually operating opera house east of the Mississippi. Another remarkable community asset is the Adrian Symphony Orchestra, one of the premier small market orchestras in the nation, which attracts the finest musicians from the world’s stages to produce performances of the highest quality. As the site of the oldest fair in Michigan, the Lenawee County Fair Grounds has been hosting fairs, providing quality entertainment and events since 1839. The grounds are home to hundreds of events each year including animal shows, motorcycle races, home shows and other social and consumer events. Downtown Adrian is a celebration of food, family and fabulous finds. Nestled inside historic buildings you’ll find an interesting mix of specialty shops, professional services, clothing boutiques and dining options. Affordable rents, large and small spaces, a convenient central location and ongoing municipal improvements are just a few reasons to enjoy downtown. Above downtown businesses, unique 2nd and 3rd story apartments have become a haven for young professionals. These newly renovated spaces have modern amenities in a classic setting, most with their own perspective of buildings more than 100 years old. Meanwhile, nearby universities and training institutions constitute an extensive employment and educational resource for area businesses as well as the ProMedica Charles and Virginia Hickman Hospital, nestled on M-52 in Adrian Township. The Health and Wellness campus also includes the state of the art YMCA and the ProMedica Wellness Center. ProMedica Farms and Hoop House is on campus. The Hoop House is a medical-clinical facility that is handicap accessible. It houses the diabetes program and offers numerous rehab opportunities. Produce grown on the Farm goes directly to the community via the Veggie Mobile. The Education Center at the Farm offers opportunities for the community to learn and explore. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Property Condition: | Average |
| Year Built: | 1997 |
| Roof Type: | Flat |
| Construction/Siding: | Brick/Aluminum Siding |
| Total Parking Spaces: | 50 |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Ceiling Units |
| Zoning Description: | GENERAL HIGHWAY COMMERCIAL DISTRICT (C-2) This district is intended to encourage planned and integrated groupings of retail, service, and administrative establishments which will retail convenience and comparison goods and provide personal and professional services for the entire area and to accommodate commercial establishments which cannot be practically provided in a local neighborhood commercial area. The district requires key accessible locations because of the heavy volumes of traffic that permitted uses can generate. a. Permitted Uses: 1. Any use permitted in the Local Neighborhood Commercial District. 2. Business schools; including dance schools, music schools, and art schools. 3. Indoor retail sales establishments. 4. Indoor commercial amusement and recreation services, including theaters, bowling alleys, and roller and ice skating rinks. 5. Eating and drinking establishments, but not including drive-in types. 6. Clubs and lodges. 7. Funeral homes. 8. Hotels and motels. 9. Printing establishments 10. Establishments that sell or rent new motor vehicles, trailers and boats and any related services offered by such an establishment including the sale and service and repair of used motor vehicles, trailers and boats. 11. On-site signs, only in accordance with the regulations as specified in 36 Article V, Section 5.25. 12. Accessory uses or structures. 13. Essential services and structures of a non-industrial character. b. Conditional Uses: 1. Automobile service stations. 2. Automobile repair garages. 3. Small animal clinics. 4. Drive-in business services. 5. Drive-in theaters. 6. Car wash. 7. Churches and other buildings for religious worship. 8. Government- or community-owned buildings, but not including schools. 9. Warehousing and wholesaling provided all activities are conducted within a completely enclosed building. 10. Sales and rental of used motor vehicles, trailers and boats. 11. Single-family residences intended for a watchman or caretaker associated with a Commercial Use for on-premises security. 12. Day care centers. 13. Public and private nurseries. 14. Commercial communication towers as specified in Section 5.5.5.6.27. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | LD DES AS BEG AT A PT ON THE E LI OF SEC 10 T7S R3E LOC 671.5 FT S2 25'E FROM E1/4 COR & RUNN TH S87 28'W 533 FT TH S2 25'E 149.06 FT TH N87 35'E 533 FT TO THE E LI OF SD SEC 10 TH N2 25'W 150 FT TO THE POB EXC THE E'LY 50 FT THEREOF |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,740 | 30,565 | 38,392 |
| Median Age: | 33.78 | 35.98 | 37.45 |
| Households: | 2,674 | 10,587 | 13,577 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions. |
