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Office Building with Adjacent Land
New
For Sale
$499,000

227 Riverside Ave, Adrian, MI 49221

A two-level layout combines administrative offices with flexible lower-level space and adjoining vacant acreage.

Property SizeContact for details
Days on Market4

Property Features for 227 Riverside Ave

General Information

Standard status Active
Property subtype Commercial

Additional Details

Sprinkler System Yes

Amenities

conference room
surveillance system

Building Details

Year Built 1975
Buildings 1
Listing Agency: Foundations Realty LLC
Listed By: Kasey White · License #6506046326
Source: Elliman
Added: Sep 24 Last Checked: Sep 26 at 10:53AM

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 Foundations Realty LLC

Investment Insights

Based on property information with market context.

Built in 1975, this two-level office property at 227 Riverside Ave includes an upper-floor lobby, several offices, a conference room, and storage. The lower level was renovated within the last few years and offers a flexible layout. Building systems and safety features include two newer furnaces, central air units, a full sprinkler system, surveillance equipment, two grinder pumps, and fire-resistant construction. The property is ADA compliant.

The sale includes 1.6 acres of adjoining vacant land. A water line enters from Grand Street, and on-site parking serves the property.

Key Highlights

  • Two‑level office building constructed in 1975
  • Upper level includes lobby, multiple offices, conference room, and storage
  • Lower level renovated within the last few years

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Building Supply Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

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

Lease Details

Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

376
Businesses Nearby

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
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - A two-level layout combines administrative offices with flexible lower-level space and adjoining vacant acreage.
Where is this office building located?
The property is located at 227 Riverside Ave Adrian, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑level office building constructed in 1975; Upper level includes lobby, multiple offices, conference room, and storage; Lower level renovated within the last few years
More about this property
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