Historic Building Redevelopment
For Sale
$140,000
120 North Locust St, Adrian, MI 49221
Redevelopment opportunity in historic building for various uses.
Property SizeContact for details
Lot Size1.34 Acres
Days on Market165
Property Features for 120 North Locust St
General Information
Standard status
Active
Lot size
1.34 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,105
Building Details
Year Built
1911
Listing Agency:
The Wagley Group
(517) 403-6767
Listed By:
Joseph Wagley · License #6502349116&6502366
(517) 403-6767
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 22 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Wagley Group
Investment Insights
Based on property information with market context.
Originally constructed in 1911 as a hospital, with an east wing addition in 1965, this property has a rich history of serving the community. Following the hospital's relocation, it was repurposed as the Charlotte Stephenson Home for seniors and later operated as a senior living center. The property presents a redevelopment opportunity for various uses, including loft or apartment-style living, a cultural or arts facility, or a non-profit organization. The seller hopes the property can be redeveloped into a use that would compliment the city and area.
Key Highlights
- Redevelopment potential for various uses such as loft/apartments, cultural/arts facility, or non‑profit.
- Historic building originally constructed in 1911.
- Suitable for uses that complement the city and area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Similar Off Market Nearby
- Adrian Senior Center — 327 Erie St, Adrian, MI 49221
- Daybreak Adult Day Services — 327 Erie St, Adrian, MI 49221
- Senior Helpers — 130 N Main St, Adrian, MI 49221
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Redevelopment opportunity in historic building for various uses.
Where is this senior housing / retirement home located?
The property is located at 120 North Locust St Adrian, MI.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Redevelopment potential for various uses such as loft/apartments, cultural/arts facility, or non‑profit.; Historic building originally constructed in 1911.; Suitable for uses that complement the city and area.
