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    Addison, MI Hospitals 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

    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
    View details
    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 2 Active listings in Addison, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Mixed-Use Property with Apartment
    Mixed-Use Property with Apartment

    4946 Page Avenue, Michigan Center, MI 49254

    $274,900
    6,056 sqft 2.63 AC lot

    Former veterinary facility with specialized rooms, kennel space, an apartment, and a separate pole barn on a sizable parcel.

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    Behavioral Health Hospital
    Behavioral Health Hospital

    46810 Schoenherr Rd, Shelby Twp, MI 48315

    Contact for pricing
    15,250 sqft

    Recently completed in 2021, the geriatric psychiatry hospital is 100% leased on an absolute NNN lease.

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    Medical Office Building
    Medical Office Building

    St Clair Shores, MI 48080

    Contact for pricing

    Well-maintained 11,501 SF professional building renovated in 2014 and 100% occupied by William Beaumont Hospital.

    View details
    Behavioral Health Hospital Site
    Behavioral Health Hospital Site

    8550 N. Silvery Lane, Dearborn Heights, MI 48127

    Contact for pricing
    32,330 sqft 5.60 AC lot

    Two-building, 5.6-acre site totaling about 32,330 usable square feet, planned for a phased behavioral health hospital.

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    Addison, MI Hospitals Market Trends and Statistics

    Explore 2 hospitals 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 $600,000.

    Sale prices for hospitals in Addison, MI average $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 2

    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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