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    1032 S Main St Adrian, MI 49221

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    For Sale
    $1,700,000

    Municipal approved adult-use provisioning center for sale.

    Property size:
    4,092 SF
    Lot size:
    0.55 Acres

    Property Features for 1032 S Main St

    General Information

    Size
    4,092 SF
    Lot size
    0.55 Acres

    Source: C3 CRE, LLC Agent Corbin Yaldoo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Adult-Use Provisioning Center

    A municipal-approved adult-use provisioning center is available for sale, potentially including the license and real estate. Alternatively, leasehold rights can be included. The freestanding building, currently under construction, will be delivered in turnkey condition, excluding furniture, fixtures, equipment, and security systems. The site features a curb cut providing direct access to South Main Street and will include 30 parking spaces following demolition at the rear of the building. Located on heavily traveled South Main Street, the property benefits from significant daytime traffic, with over 14,300 vehicles passing daily. The marketplace offers tremendous synergy with several national and regional tenants. This is a great opportunity to capitalize on the flourishing market near the Indiana/Ohio border. The property has a size of 4092 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.043425
    Latitude
    41.883597

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    FAQs

    What type of property is this?
    Retail space - Municipal approved adult-use provisioning center for sale.
    Where is this retail space located?
    The property is located at 1032 S Main St Adrian, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Municipal approved adult-use provisioning center license included; - **Turnkey Freestanding Building Under Construction**; - **Direct access to high-traffic South Main Street (14,300+ vehicles per day)**
    (248) 220-1134
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    Adrian, MI 49221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1032 S Main St Adrian, MI 49221
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