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    Addison, MI
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    Addison, MI Commercial Land for Sale

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    Manitou Beach, MI Hudson, MI Cement City, MI Lake, MI Brooklyn, MI Somerset Center, MI Jerome, MI Onsted, MI
    7.20 Acre Development Opportunity
    Updated: Mar 23, 2024
    7.20 Acre Development Opportunity

    427 N Steer St, Addison, MI 49220

    Contact for pricing
    14,035 sqft 7.20 AC lot
    7.20 acre property with approximately 875' of frontage on Addison Mill Pond
    Includes a 12,235 sq ft former Addison Bariatric Hospital
    Additional 1,800 sq ft building currently leased for $2,000.00 per month
    Development potential for multi‑family, senior housing, self‑storage, and other uses
    Hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Addison, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Land with Leased Building
    Commercial Land with Leased Building

    325 Main Street, Cement City, MI 49233

    $125,000
    2,526 sqft 0.80 AC lot

    Commercially zoned land includes a leased 2,526 sf building and approved space for a 55’x65’ pole building.

    View details
    Commercial Land with Mobile Home
    Commercial Land with Mobile Home

    6797 Devils Lake Highway, Manitou Beach, MI 49253

    $300,000
    162,479 sqft 3.73 AC lot

    Commercially zoned C-2 land offering 3.73 acres, a well and sewer, and three split approvals pending township approval.

    View details
    Manitou Beach Commercial Land
    Manitou Beach Commercial Land

    6797 Devils Lake Highway, Manitou Beach, MI 49253

    $300,000
    3.73 AC lot

    3.73 acres of commercial land with well and sewer.

    View details
    Vacant Land on US12
    Vacant Land on US12

    VL E Chicago Road, Cement City, MI 49233

    Contact for pricing
    2.07 AC lot

    2.07 acres of vacant land for sale on US12.

    View details

    Off-Market Properties in Addison, MI

    Consider similar Off-Market properties in Addison, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3855 Somerset Rd
    VACANT COMMERCIAL LAND

    3855 Somerset Rd, Addison, MI 49220-9507

    Value Estimation by Request
    11.21 AC lot
    View details

    Addison, MI Commercial Land Market Trends and Statistics

    Explore 2 commercial land for sale in Addison, MI on our real estate platform. These investment opportunities span a total of 313,632 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 2
    Waterfront Land 1
    Residential land & home lots 1

    Demographics Overview

    Population 2,468
    Population Growth (5Y) +2.3%
    Median Household Income $70,726
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

    Identify Addison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49220 $600K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $77.51 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lenawee County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lenawee County

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