Conventional Restaurant
1329 S Main St Adrian, MI 49221
1329 S Main St, Adrian, MI, 49221
$1,135,000
For Sale
$1,135,000
For sale conventional restaurant building with approximately 6,650 sq. ft. located at 1329 S Main St in Adrian, MI.
Property Size6,650 SF
Price / SF$170.68
Days on Market248
Property Features for 1329 S Main St
General Information
- Standard status
- Active
- Size
- 6,650 SF
- Property subtype
- Retail, Hospitality
Building Details
- Year Built
- 2015
Listing agency
APEX Commercial Real Estate Advisors
(248) 579-5042
Listed by
Ayson Shammami · License #6501443637
(248) 579-5042
Source
Cpix.resimplifi
Added: Nov 15, 2025 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 APEX Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This conventional restaurant building is offered for sale and totals approximately 6,650 sq. ft. The property is categorized for restaurant use, supporting food-service operations within its existing configuration.
The asset is located at 1329 S Main St in Adrian, Michigan (49221). As a Main Street address, it is positioned for straightforward customer access consistent with neighborhood and corridor retail/restaurant activity.
Interested parties should confirm any specific operational requirements and suitability directly with the seller, including how the space is currently configured and what updates may be needed for an incoming concept.
The asset is located at 1329 S Main St in Adrian, Michigan (49221). As a Main Street address, it is positioned for straightforward customer access consistent with neighborhood and corridor retail/restaurant activity.
Interested parties should confirm any specific operational requirements and suitability directly with the seller, including how the space is currently configured and what updates may be needed for an incoming concept.
Key Highlights
- Conventional restaurant building built in 2015
- Approximately 6,650 sq. ft. restaurant building
- Located at 1329 S Main St in Adrian, MI
Local Financial Insights For Specialty Retail
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 | $102.9k | $15.48 |
| − Vacancy | −$4.3k | −$0.65 |
| EGI | $98.6k | $14.83 |
| − OpEx | −$24.7k | −$3.71 |
| NOI | $74.0k | $11.12 |
6,650 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.06M
$924.6K – $1.23M
NOI $73,964 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$82.51M
$72.19M – $96.26M
NOI $5,775,397 @ 7.0% cap · market cap 508.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale conventional restaurant building with approximately 6,650 sq. ft. located at 1329 S Main St in Adrian, MI.
Where is this conventional restaurant located?
The property is located at 1329 S Main St Adrian, MI.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Conventional restaurant building built in 2015; Approximately 6,650 sq. ft. restaurant building; Located at 1329 S Main St in Adrian, MI
