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    Addison, MI Commercial Land for Sale

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    Addison Mill Pond Development Opportunity
    Updated: Mar 11
    Addison Mill Pond Development Opportunity

    427 N STEER St, Addison, MI 49220

    $600,000
    12,235 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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    7.20 Acre Development Opportunity
    Updated: Mar 23, 2024
    7.20 Acre Development Opportunity

    427 N Steer St, Addison, MI 49220

    $600,000
    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
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 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 in Cement City
    Commercial Land in Cement City

    325 Main Street, Cement City, MI 49233

    $125,000
    2,526 sqft 0.80 AC lot

    0.8-acre commercial parcel with existing building and expansion potential.

    View details
    Commercial Land with Expansion Potential
    Commercial Land with Expansion Potential

    Somerset, MI 49233

    $2,000,000
    60 sqft 47.67 AC lot

    Corner lot suitable for truck stop or fueling station.

    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
    Commercial Land with Expansion Potential
    Commercial Land with Expansion Potential

    Somerset, MI 49233

    $2,000,000
    47.67 AC lot

    Corner lot suitable for truck stop or fueling station.

    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 3 commercial land for sale in Addison, MI on our real estate platform. These investment opportunities span a total of 26,270 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for commercial lots in Addison, MI start at $600,000, averaging $600,000, and reaching up to $600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 2
    Agricultural land / Farmland 1
    Hunting land 1
    Waterfront Land 1
    Recreation land 1

    Demographics Overview

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

    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)

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