Conventional Restaurant
For Sale
$1,135,000
1329 S Main St, Adrian, MI 49221
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 Market339
Property Features for 1329 S Main St
General Information
Standard status
Active
Size
6,650 SF
Class
A
Property subtype
Retail, Hospitality
Building Details
Building Size
6,650 SF
Year Built
2015
Listing Agency:
APEX Commercial Real Estate Advisors
Listed By:
Ayson Shammami · License #6502433307
(248) 554-5709
Source:
Cpix.resimplifi
Added: Nov 15, 2025
Changed: Oct 15
Last Checked: Oct 19 at 3:28AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,964
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,280
$1.5M
Cap Rate 7%
$1,056,629
$1.1M
Cap Rate 9%
$821,822
$821.8K
Market Conditions
NOI Build-Up for 6,650 SF
Gross rent
$102.9K $15.48/SF
− Vacancy
−$4.3K −$0.65/SF
EGI
$98.6K $14.83/SF
− OpEx
−$24.7K −$3.71/SF
NOI
$74.0K $11.12/SF
Area
Lenawee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,280
Cap Rate 7%
$1,056,629
Cap Rate 9%
$821,822
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 32%
McDonald's
Dining
27,091 visits/mo
0.3 miles
Taco Bell
Dining
23,539 visits/mo
0.1 miles
Dollar General
Shops & Services
12,539 visits/mo
0.4 miles
Sunoco
Shops & Services
7,363 visits/mo
0.1 miles
Exxon
Shops & Services
5,351 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
