Historic Downtown Adrian Building
Retail-Commercial
for Sale
| Catylist Listing ID: |
30671856 |
| Property Subtypes: |
Street Retail, Other
|
| Building Size (RSF): |
13,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.16 Acres
|
| Sale Price: |
$240,000 |
| Unit Price: |
$18.46 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Usable Size (USF): |
13,000 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/12/2021 |
Overview / Comments
Historic downtown Adrian building that was updated in 2004 and 2011. The updates include electrical service, plumbing (ADA compliant restrooms), HVAC systems, facade restoration and structural improvements. There are 2 heating systems, one for the north half of the building and one for the south half of the building, which would aid if you wanted to divide the building into two storefronts. This building has been well maintained and has had extensive renovations over the years. Open floor plan allows for easy renovation for future use.
Property highlights - 3 levels and basement with a unique interior design. The first floor interior is 7,150 sq. ft. The second floor is 2,600 sq. ft. and the third floor 3,250 sq. ft. Great parking with both street and municipal parking lot off the rear entrance to the building and an overhead door for deliveries.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$7,862 (Annual) |
| Assessed Value - Total($) |
$81,700 (Annual) |
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$5,037 (Annual) |
| Assessed Value - Total($) |
$78,500 (Annual) |
Additional Details
| Nearest MSA: |
Adrian |
| County: |
Lenawee |
| Taxing Authority: |
City of Adrian |
| Tax ID/APN: |
XA0-100-0267-00 |
| Retail Clientele: |
General, Family, Business, Tourist, Other |
| Property Visibility: |
Good |
| Feet of Frontage: |
67 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
7,000 SF |
| Property Condition: |
Good |
| Year Renovated: |
2011 |
| Parking Type: |
Surface |
| Parking Description: |
Street and municipal lot off the rear entrance to the building |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, DSL, Satellite |
| Zoning Description: |
Central Business |
| Lot Frontage: |
67 |
| Lot Depth: |
105 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
PART OF LOT 44 ORG PLAT BEG 105.5 FT N FROM NE COR CHURCH & MAIN STS TH ELY 105 FT 1 IN TO ALLEY TH NLY TO A PT WITHIN 1 FT OF N LN SD LOT TH WLY 105 FT 1 IN IN THE SLY TO POB |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,693 |
27,261 |
40,189 |
| Median Age: |
34.75 |
35.52 |
37.52 |
| Households: |
4,541 |
9,309 |
14,211 |
|
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