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Two-Level Office Building

407 Mill Rd, Adrian, MI 49221

For Sale
New
$159,000

The main floor combines a reception area, two private offices, a kitchenette, and two bathrooms.

Property SizeContact for details
Days on Market6

Property Features for 407 Mill Rd

General Information

Standard status Active
Property subtype Commercial

Additional Details

Highway Access Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $4,557

Amenities

handicap accessible
kitchenette

Building Details

Year Built 1961
Units 1
Listing Agency: ERA REARDON REALTY, L.L.C.
Listed By: Jill Baker · License MI #6501437282
Source: Elliman
Added: Nov 4 Last Checked: Nov 8 at 6:47AM

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 ERA REARDON REALTY, L.L.C.

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Investment Insights

Based on property information with market context.

This 1961 office property has a two-level layout. The main floor includes a reception area, two offices, a kitchenette, and two bathrooms; the upper floor provides additional space. The building is handicap accessible, with updates including a newer roof, flooring, exterior paint, and seal coating.

The property is at 407 Mill Rd in Adrian, near N. Main Street and M-52. Nearby destinations include businesses, shopping, dining, and ProMedica Hospital.

Key Highlights

  • Main level has reception, two offices, a kitchenette, and two bathrooms
  • Upper level adds flexible space
  • Handicap accessible

Property Analytics

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

Current Use

Office Spaces

Suggested Use

Top Pick Building Supply Restaurant Auto Parts Store Kitchen & Bath Showroom Electrical Service Parking Lot & Garage

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
Highway access

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby
Balanced
Demand for This Use

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

Average Price Trend$/SF for Office Spaces in Lenawee County, MI

$74.22 Jul
$74.46 Aug
$72.23 Sep
$82.23 Oct

Properties on Market for Office Spaces in Lenawee County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office space - The main floor combines a reception area, two private offices, a kitchenette, and two bathrooms.
Where is this office space located?
The property is located at 407 Mill Rd Adrian, MI.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Main level has reception, two offices, a kitchenette, and two bathrooms; Upper level adds flexible space; Handicap accessible
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