222 E MAUMEE ST, Adrian, MI 49221

Listing Agency: Howard Hanna Real Estate Services Inc Tecumseh

Listed By: Patrick Hoffman · License OH SAL.2012002500 Show Phone

Source: Crexi

Added: Sep 17 Changed: Oct 26 Last Checked: Nov 8 at 8:35AM

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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 Howard Hanna Real Estate Services Inc Tecumseh

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property contains 3,853 square feet and is categorized for general commercial use.

Key Highlights

• 3,853 SF of building area
• Identified for general commercial use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,694

Cap Rate

8.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,880 $633.9K

Cap Rate 7%

$452,771 $452.8K

Cap Rate 9%

$352,156 $352.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,853 SF

Gross rent

$56.4K $14.64/SF

− Vacancy

−$5.7K −$1.48/SF

EGI

$50.7K $13.16/SF

− OpEx

−$19.0K −$4.94/SF

NOI

$31.7K $8.23/SF

Area

Lenawee County, MI

Vacancy

10.10%

Lease Rate

$14.64 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,880

Cap Rate 7%

$452,771

Cap Rate 9%

$352,156

Alternative Uses

Best Use

Mixed Use

$452.8K

$396.2K – $528.2K (±1% cap)

NOI $31,694 @ 7.0% cap · market cap 8.83%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$810.8K

$709.4K – $945.9K (±1% cap)

NOI $56,754 @ 7.0% cap · market cap 15.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick HVAC Service Electrical 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

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property is categorized for general commercial use.

Where is this mixed-use property located?

The property is located at 222 E MAUMEE ST Adrian, MI.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: 3,853 SF of building area; Identified for general commercial use