Oakwater Condominiums

Vacant Land for Sale
Catylist Listing ID: 30345296
Property Subtypes: Multi-Family
Gross Land Area: 36.02 Acres
Sale Price: $675,000
Unit Price: $18,739 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

A 96 unit condominium development. Water, sewer, electrical and gas are all available and there are currently already condos that have been completed and have been sold and lived in. There are 36 acres total to the property and two man made ponds for aesthetics. Property is close to US-223 for easy access, but far enough that you don't notice that it's near. It's close to the largest commercial and retail area in the county, adding to the appeal of the property.


Finance Data Year 2018
Real Estate Taxes - Annual($) $3,044 (Annual)

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: Madison Township
Tax ID/APN: MD0-820-8000-00
Property Located Between: Cadmus and Prarie Dr
Property Visibility: Good
Largest Nearby Street: Baldwin
Highway Access: US-223 is half a mile away
Airports: Lenawee County Airport
Site Description: Manicured residential condo site.
Area Description: Higher end housing for residents of the Greater Adrian area. Near to Lake Madison in Madison Twp.
Development Name: Oakwater Condominiums
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,655 30,565 37,485
Median Age: 40.54 35.98 37.32
Households: 1,552 10,587 13,222


Photograph of Listing Agent

Patrick J. Hoffman, CCIM

Hanna Commercial CPIX Member
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