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Senior Housing Building
New
For Sale
$140,000

120 North Locust Street, Adrian, MI 49221

Residential zoning and a history of healthcare and senior living use define this Adrian property.

Property Size23,975 SF
Price / SF$5.84
Days on Market5

Property Features for 120 North Locust Street

General Information

Standard status Active
Size 23,975 SF
Property subtype Commercial
Zoning Residential

Building Details

Building Size 23,975 SF
Year Built 1911
Listing Agency: The Wagley Group
Listed By: Joseph Wagley · License #6502349116&6502366
Source: Case-realty
Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 3:46PM

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

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Investment Insights

Based on property information with market context.

Located in Adrian, Michigan, this 23,975-square-foot building dates to 1911, when it was constructed for hospital use. An east wing was added in 1965. The property later housed a senior home and a senior living center.

The site is zoned Residential. Its history includes both healthcare and senior residential occupancy.

Key Highlights

  • 23,975‑square‑foot building in Adrian, Michigan
  • Built in 1911 for hospital use
  • East wing added in 1965

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Senior Housing / Retirement ...

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Locksmith Acupuncture Tech Support Center

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

Location Intelligence

Trade Area within ½ mile

861
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Residential zoning and a history of healthcare and senior living use define this Adrian property.
Where is this senior housing / retirement home located?
The property is located at 120 North Locust Street 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: 23,975‑square‑foot building in Adrian, Michigan; Built in 1911 for hospital use; East wing added in 1965
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