Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Bustling Adrian Title is generated by Realmo AI

    1407 W Maumee St, Adrian, MI 49221

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in Adrian, close to downtown and local attractions.

    Type:Retail
    Added:
    Aug 28, 2020
    Days on Market:
    2101
    Last Refresh:
    May 12 at 11:00 pm

    Property Features for 1407 W Maumee St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1407 W Maumee St Contact us

    We can help!

    Listing Contact
    Jason Yuhasz

    Listing agent Jason Yuhasz License #FLBO

    Listing office Legacy Commercial Properties

    Listing date Aug 28, 2020

    Source Crexi

    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 Legacy Commercial Properties

    HighLights

    • Ideal location for retail businesses.
    • High foot traffic due to vibrant atmosphere and attractions.
    • Close proximity to downtown Adrian with shops, dining, and cultural venues.
    • Convenient access to major roadways.
    • Proximity to attractions like the Croswell Opera House and Lenawee County Historical Museum.
    • Strong sense of community.

    Overview

    Located in the city of Adrian, the area surrounding 1407 W. Maumee St. provides an engaging environment suitable for retail or strip center tenants. The property benefits from its proximity to the downtown district, which features local shops, dining options, and cultural venues, creating a vibrant atmosphere with steady foot traffic. Nearby attractions such as the Croswell Opera House and the Lenawee County Historical Museum contribute to the area's charm, attracting local residents and visitors. Convenient access to major roadways and a strong sense of community make the location an ideal choice for retail businesses to establish a prominent presence and cater to the diverse consumer base of the Adrian market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.064308
    Latitude
    41.903999

    Nearby Similar for Lease

    • $1,100/Mo
      864 SF

      Remodeled Office Space in Adrian

      Modern office with historic feel in downtown Adrian.
      103 E Maumee Street, Adrian, MI 49221
      View Details
    • $13 SF/Yr
      1,989-1,989 SF

      1057 E. US HWY 223

      1,989 sq ft commercial space with highway exposure in Adrian.
      1057 E Us Highway 223, Unit 1, Adrian, MI 49221
      View Details
    • $2,000/Mo
      3,680 SF

      Main Street Retail/Office Space

      3,680 sqft retail/office space for lease on Main Street.
      108 E Butler St, Adrian, MI 49221
      View Details
    • $12 SF/Yr
      1,633 SF

      Retail Space on US-223

      Retail space available in Eastpointe Plaza, Adrian, Michigan.
      1675-1693 US-223, Adrian, MI
      View Details
    • $7,500/Mo
      16,000 SF

      Industrial Space with Truck Docks

      16,000 SF industrial space featuring multiple truck docks.
      532 S Center Street, Adrian City, MI 49221
      View Details
    • $1,150/Mo
      1,332 SF

      Downtown Adrian Office Space Available

      Office space near downtown Adrian with reception area and offices.
      111 N Main, Adrian, MI 49221
      View Details
    • $1,150/Mo
      1,332 SF

      Downtown Adrian Office Space Available

      Office space with reception area and front/rear entrances for rent.
      111 N Main Street, Adrian City, MI 49221
      View Details
    • $3 SF/Yr

      Retail Space For Lease

      Retail space available for lease.
      1416-1424 S Main St, Adrian, MI 49221
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Adrian, close to downtown and local attractions.
    Where is this retail space located?
    The property is located at 1407 W Maumee St Adrian, MI.
    What are key features of this property?
    This property features: Ideal location for retail businesses.; High foot traffic due to vibrant atmosphere and attractions.; Close proximity to downtown Adrian with shops, dining, and cultural venues.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Yuhasz
    Real Estate License ID: FLBO
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1407 W Maumee St, Adrian, MI 49221
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!