Updated Warehouse in Green
1105 E Beecher Street Adrian, MI 49221
For Sale
$192,500
COMMERCIAL - Adrian, MI
Property Size1,632 SF
Lot Size1.03 Acres
Price / SF$117.95
Days on Market284
Property Features for 1105 E Beecher Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- XA0-610-0032-01 & 610-0030-01
- Size
- 1,632 SF
- Lot size
- 1.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5760
Utilities
- Water source
- Public
Building Details
- Year built
- 1941
Listing Agency:
Foundation Realty, LLC
(517) 266-8888
Listed By:
Mark Baker · License #6502138749
(517) 206-2121
Added: Oct 17, 2025
Changed: Jun 10
Last Checked: Jul 27 at 2:06AM
MLS# 50191797
Copyright © 2026 Lenawee County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a small warehouse configuration totaling 1,632 square feet, situated on a 1.03-acre lot. The listing notes many updates and highlights the building’s high visibility, making it a straightforward option for warehouse users seeking an established, maintained space.
The warehouse is located at 1105 E Beecher Street in Adrian, Michigan, within Lenawee County. The property is described as being in a “green zone” and is positioned for visibility, which can be beneficial for businesses that want their facility to be seen from the street.
Given the building’s compact size and the onsite lot area, this offering may fit tenants or buyers looking for a manageable warehouse footprint with outdoor space on a dedicated parcel. Prospective users should review the “green zone” designation and the property’s updates during due diligence to confirm suitability for their intended operations.
The warehouse is located at 1105 E Beecher Street in Adrian, Michigan, within Lenawee County. The property is described as being in a “green zone” and is positioned for visibility, which can be beneficial for businesses that want their facility to be seen from the street.
Given the building’s compact size and the onsite lot area, this offering may fit tenants or buyers looking for a manageable warehouse footprint with outdoor space on a dedicated parcel. Prospective users should review the “green zone” designation and the property’s updates during due diligence to confirm suitability for their intended operations.
Key Highlights
- Year built: 1941
- 1+ acre lot
- Public water source
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.9k | $14.64 |
| − Vacancy | −$2.4k | −$1.48 |
| EGI | $21.5k | $13.16 |
| − OpEx | −$6.4k | −$3.95 |
| NOI | $15.0k | $9.21 |
1,632 SF · lease $14.64/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 9.48%
Second Best
Industrial
$214.8K
$188.0K – $250.6K
NOI $15,036 @ 7.0% cap · market cap 7.81%
Theoretical Best
Multifamily LT 5
$20.25M
$17.72M – $23.62M
NOI $1,417,361 @ 7.0% cap · market cap 736.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - Updated warehouse offering highly visible frontage and small-bay size on 1+ acre in the green zone.
Where is this warehouse located?
The property is located at 1105 E Beecher Street Adrian, MI.
What is the asking price?
The asking price for this property is $192,500.
What are key features of this property?
This property features: Year built: 1941; 1+ acre lot; Public water source
