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    Adrian, MI Hospitals for Sale

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    Senior Housing Building with Added Wing
    Updated: Nov 24, 2025
    Senior Housing Building with Added Wing

    120 N Locust Street, Adrian, MI 49221

    $140,000
    23,975 sqft 1.34 AC lot
    23,975‑square‑foot building on 1.34 acres
    Main structure built in 1911
    East wing added in 1965
    Previously operated as a senior living center
    Parking lot and public water service
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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Adrian, 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.

    Equipped Hospital with Kennels
    Equipped Hospital with Kennels

    14206 S Indiana Ave, Riverdale, IL 60827

    $100,000
    1,640 sqft

    Medical facility with exam rooms, surgery space, kennels, offices, and a fenced yard.

    View details
    Hospital Property with Apartment
    Hospital Property with Apartment

    4946 Page Avenue, Michigan Center, MI 49254

    $274,900
    6,056 sqft 2.63 AC lot

    Multiple clinical rooms, kennel space, and a separate three-bedroom apartment are included.

    View details
    Hospital Facility with Kennels
    Hospital Facility with Kennels

    14206 S Indiana Avenue, Riverdale, IL 60827

    $100,000
    0.07 AC lot

    Brick medical facility with exam rooms, offices, surgical space, and a fenced yard.

    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.

    View details

    Adrian, MI Hospitals Market Trends and Statistics

    Explore 1 hospitals 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 hospitals in Adrian, MI average $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

    Hospitals 1
    Senior Housing / Retirement Homes 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)

    Average Property Price per SF

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

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    Most Searched ZIP Codes in Adrian, MI

    • 49221

    Featured Adrian Real Estate Agencies

    Realmo connects you with licensed Adrian CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Foundation Realty
    3282 N Adrian Hwy Adrian, MI 49221
    Phone: 15172668888
    foundationlenawee.com
    The Wagley Group
    245 N. Winter St. Adrian, MI 49221
    Phone: 15172656000
    www.JoeSells.com

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