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427 Steer St Addison, MI 49220

Sponsored
For Sale
$800,000

7.2 Acres, 12,235 SF Building, High Power

Property size:
12,235 SF

Description

Added:
Feb 3, 2025
Days on Market:
341
This exceptional 7.2-acre property in Addison, MI, presents a remarkable investment opportunity. The site boasts approximately 875 feet of frontage on the serene Addison Mill Pond, offering picturesque views and potential for various developments. The property includes a substantial 12,235-square-foot building, formerly the Addison Bariatric Hospital, featuring a robust 500-kilowatt transformer with 3-phase power and 208 volts. This significant power capacity opens doors to a wide range of industrial or commercial uses. In addition to the main building, a secondary 1,800-square-foot structure generates a consistent monthly income of $2,000 through an existing lease. The property's expansive size and prime location make it ideal for diverse development projects, including multi-family housing, senior living facilities, self-storage units, or other commercial ventures. The tranquil setting, combined with the substantial existing infrastructure, creates a unique opportunity for significant return on investment. All square footage and income figures are estimates and should be independently verified. This is a rare chance to acquire a large, versatile property with substantial existing structures and significant development potential in a desirable location. The property is priced at $800,000.

Property Features for 427 Steer St

General Information

Property type
Industrial properties
Square Feet
12,235 SF
Lot Size
313,632 SF

Building Details

Year Built
1919

Property Profile Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Pharmacy Grocery Store Furniture Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Addison
County
Lenawee
State
Michigan
Longitude
-84.34871
Latitude
41.99077

FAQs

What type of property is this?
Industrial property - 7.2 Acres, 12,235 SF Building, High Power
Where is this industrial property located?
The property is located at 427 Steer St Addison, MI.
What is the asking price?
The asking price for this property is $800,000.
More about this property
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