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    Adrian, MI Healthcare Properties for Sale

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    Historic Hospital and Senior Building
    Updated: Nov 24, 2025
    Historic Hospital and Senior Building

    120 N Locust Street, Adrian, MI 49221

    $140,000
    23,975 sqft 1.34 AC lot
    Historic building built in 1911 for Adrian’s hospital
    East wing addition completed in 1965
    Zoned heating with oil
    Parking lot on site
    Public water service
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    Historic Building Redevelopment Opportunity
    Updated: Mar 11
    Historic Building Redevelopment Opportunity

    120 North Locust St, Adrian, MI 49221

    $140,000
    1.34 AC lot
    Redevelopment potential for various uses such as loft/apartments, cultural/arts facility, or non‑profit.
    Historic building originally constructed in 1911.
    Suitable for uses that complement the city and area.
    Previously operated as a senior living center.
    East wing addition in 1965.
    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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Adrian, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Addison Mill Pond Development Opportunity
    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 existing hospital and additional leased building.

    View details
    Veterinary Hospital with Apartment, Barn
    Veterinary Hospital with Apartment, Barn

    4946 Page Avenue, Michigan Center, MI 49254

    $274,900
    6,056 sqft 2.63 AC lot

    2.63 acre property with hospital, apartment, and pole barn.

    View details
    Veterinary Hospital on 2.63 Acres
    Veterinary Hospital on 2.63 Acres

    4946 Page Avenue, Michigan Center, MI 49254

    $274,900
    6,056 sqft 2.63 AC lot

    Veterinary hospital with apartment and pole barn on 2.63 acres.

    View details
    Addison Mill Pond Development Opportunity
    Addison Mill Pond Development Opportunity

    427 N STEER, Addison, MI 49220

    $600,000
    12,235 sqft 7.20 AC lot

    7.20 acre property with hospital and development potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Near Region Hospital
    Commercial Land Near Region Hospital

    4587 N Adrian Highway, Adrian, MI 49221

    $125,000
    2.10 AC lot

    2.10 acres of commercial land near new hospital.

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    Commercially Zoned Land Available
    Commercially Zoned Land Available

    M-52, Manchester, MI 48158

    $399,000
    4.50 AC lot

    Commercial land with development potential in Manchester, Michigan.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    27-acre commercial land with high visibility and development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    27-acre commercial land with high visibility and development potential.

    View details

    Adrian, MI Healthcare Properties Market Trends and Statistics

    Explore 2 healthcare properties for sale in Adrian, MI on our real estate platform. These investment opportunities span a total of 23,975 square feet of properties for sale, with an estimated market value of $140,000.

    Sale prices for medical real estate in Adrian, MI start at $140,000, averaging $140,000, and reaching up to $140,000 — 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

    Senior Housing / Retirement Homes 2
    Hospitals 1
    Spa & wellness properties 1

    Demographics Overview

    Population 41K
    Population Growth (5Y) +1.1%
    Median Household Income $57,316
    College Educated 31.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49221 $140K

    Taxes & Financing

    Tax Rate (average for all types) 4.56%
    Property Tax per SF $84.73 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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