Retail Space with Office
For Sale
Contact for pricing
311 W Adrian Street, Blissfield, MI 49228
Commercial space can accommodate retail or office operations with a potentially reduced footprint.
Property Size2,600 SF
Price / SF$0.58
Days on Market49
Property Features for 311 W Adrian Street
General Information
Standard status
Active
Size
2,600 SF
Additional Details
Road Access
Yes
Building Details
Building Size
2,600 SF
Listing Agency:
Foundation Realty, LLC
(517) 266-8888
Listed By:
Marcia Randall · License #6502365496
(517) 206-5237
Source:
Brendaharrisgroup
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 2:45PM
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 Foundation Realty, LLC
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Investment Insights
Based on property information with market context.
This retail-oriented commercial building contains 2,600 square feet and can support either retail or office use. The available footprint may be reduced as needed, offering flexibility for a smaller operation or a tailored occupancy plan.
Located at 311 W Adrian Street in Blissfield, Michigan, the property provides a physical storefront setting for a business seeking space in the local market.
Located at 311 W Adrian Street in Blissfield, Michigan, the property provides a physical storefront setting for a business seeking space in the local market.
Key Highlights
- 2,600‑square‑foot commercial building
- Suitable for retail or office use
- Available footprint may be reduced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,990
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,800
$539.8K
Cap Rate 7%
$385,571
$385.6K
Cap Rate 9%
$299,889
$299.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$40.2K $15.48/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$38.6K $14.83/SF
− OpEx
−$11.6K −$4.45/SF
NOI
$27.0K $10.38/SF
Area
Lenawee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,800
Cap Rate 7%
$385,571
Cap Rate 9%
$299,889
Alternative Uses
Best Use
Office B
$409.2K
$358.0K – $477.4K
NOI $28,643 @ 7.0% cap · market cap 1,909.53%
Second Best
Retail
$385.6K
$337.4K – $449.8K
NOI $26,990 @ 7.0% cap · market cap 1,799.33%
Theoretical Best
Multifamily LT 5
$32.26M
$28.23M – $37.63M
NOI $2,258,050 @ 7.0% cap · market cap 150,536.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 49228, MI
5,432
Population
2,185
Households
2.5
Avg Household Size
42
Median Age
19%
College-Educated
96%
High-School Grad
78.6 sq mi
ZIP Area
69
Density / Sq Mi
$75,481
Median Household Income
$41,209
Median Earnings
$972
Median Rent
$178,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space can accommodate retail or office operations with a potentially reduced footprint.
Where is this retail space located?
The property is located at 311 W Adrian Street Blissfield, MI.
What are key features of this property?
This property features: 2,600‑square‑foot commercial building; Suitable for retail or office use; Available footprint may be reduced
