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Commercial Space on US-223
For Lease
$13 SF/Yr

1057 E Us Highway 223 Unit 1, Adrian, MI 49221

High Visibility Commercial Lease Opportunity

Space Size1,989 SF
Days on Market149

Property Features for 1057 E Us Highway 223 Unit 1

General Information

Standard status Active
Property type Office Spaces, Retail properties & Spaces, Flex space
Size 1,989 SF
Total Parking Spaces 10
Elevators N/A
Lease Type Gross
Lease Term Flexible
Rate Type Yearly

Building Details

Year Built 2000
Buildings 1
Stories 1
Listing Agency:
Listed By: Rebecca
Added: Mar 20 Changed: Mar 21

Investment Insights

Based on property information with market context.

This commercial space offers 1,989 sq ft of area and is located at 1057 E US-223 in Adrian, Michigan. The property features a large, open floor plan suitable for various uses such as retail, training, showroom, or workspace. It also includes two private offices, one measuring 16x14 and the other 12x10. The location on US-223 provides high traffic and excellent highway exposure and signage visibility. The lease includes snow removal, landscaping and lawn care, dedicated building maintenance, and trash services as part of the CAM costs. Flexible lease options are available. There is ample parking. The layout is adaptable to many business types. Potential uses include an insurance office, staffing agency, contractor office, tutoring center, salon suites, medical therapy, retail, or service business.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hair Salon Pharmacy Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

458
Businesses Nearby
Under-served
Demand for This Use

Demographics for 49221, MI

41,315
Population
17,011
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
88%
High-School Grad
119.9 sq mi
ZIP Area
345
Density / Sq Mi
$57,316
Median Household Income
$32,289
Median Earnings
$986
Median Rent
$158,700
Median Home Value

Market

Lease Benchmarks for Adrian, MI

$10.06 /SF/Yr
Avg Asking Price
$6.52–$13.49 /SF/Yr
Price Range
1,986 SF
Avg Space Size

This space is priced 29% above the average of $10.06 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office space - High Visibility Commercial Lease Opportunity
Where is this office space located?
The property is located at 1057 E Us Highway 223 Unit 1 Adrian, MI.
What is the lease rate?
The lease rate is $13 SF/Yr.
More about this property
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