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    Addison, MI
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    Addison, MI Hospitals for Sale

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    Manitou Beach, MI Hudson, MI Cement City, MI
    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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    Addison Mill Pond Development Opportunity
    Updated: Mar 10, 2024
    Addison Mill Pond Development Opportunity

    427 N STEER, Addison, MI 49220

    $600,000
    12,235 sqft · 7.20 AC lot
    Large 7.20 acre property with 875' frontage on Addison Mill Pond.
    Includes a 12,235 sq ft former Addison Bariatric Hospital and an additional 1,800 sq ft building.
    Development potential for multi‑family, senior housing, self‑storage, and other uses.
    Equipped with a 500 kilowatt transformer, 3 Phase power, and 208 volts.
    Updated with 4 new furnaces in 2023 and new gas piping.
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    7.20 Acre Development Opportunity
    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 frontage on Addison Mill Pond.

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    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 9 Potential Opportunities for your consideration. Besides 3 Active listings in Addison, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    Historic Hospital and Senior Building
    Historic Hospital and Senior Building

    120 N Locust Street, Adrian, MI 49221

    $140,000
    23,975 sqft · 1.34 AC lot

    Built in 1911 with an added east wing, suited for redevelopment into varied institutional or residential uses.

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    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.

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    Veterinary Hospital on 2.63 Acres
    Veterinary Hospital on 2.63 Acres

    4946 Page Ave, Michigan Center, MI 49254

    $274,900
    6,056 sqft · 2.63 AC lot

    Long-standing veterinary hospital with living quarters and pole barn.

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    Highland Park Redevelopment Opportunity
    Highland Park Redevelopment Opportunity

    210 HIGHLAND Street, Highland Park, MI 48203

    $400,000
    172,000 sqft · 1.72 AC lot

    Nine-story, 172,000 SF building on 1.7 acres.

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    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.

    Westlake Commercial Property for Sale
    Westlake Commercial Property for Sale

    Booker T Washington Hwy lot: 3, Hardy, VA 24101

    $2,200,000
    7.75 AC lot

    7.75 acres of prime commercial real estate in Westlake.

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    Zoned C-2 Unrestricted Development Land
    Zoned C-2 Unrestricted Development Land

    Mt. Garrison Way, Gatlinburg, TN 37738

    $950,000
    15.50 AC lot

    Unrestricted land in city limits zoned C-2, with survey on file and access from multiple nearby roads for development planning.

    View details

    Addison, MI Hospitals Market Trends and Statistics

    Explore 3 hospitals for sale in Addison, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 38,505 square feet of properties for sale, with an estimated market value of $1,800,000.

    Sale prices for hospitals 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

    Hospitals 3
    Senior Housing / Retirement Homes 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)

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