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    Addison Mill Pond Development Opportunity Title is generated by Realmo AI

    427 N STEER St, Addison, MI 49220

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    For Sale
    $600,000

    7.20 acre property with existing hospital and additional leased building.

    Type:Commercial
    Property size:
    12,235 SF
    Lot size:
    7.20 Acres
    Price / SF:
    $49/SF
    Added:
    Mar 11, 2026
    Days on Market:
    118
    Last Refresh:
    Jul 2 at 3:36 pm

    Property Features for 427 N STEER St

    General Information

    Standard status
    Active
    Size
    12,235 SF
    Lot size
    7.20 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

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    David D Misko

    Listing office Van Esley Real Estate Inc

    Listing date Mar 11, 2026

    Source Elliman

    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 Van Esley Real Estate Inc

    HighLights

    • 7.20 acre property with approximately 875' of frontage on Addison Mill Pond
    • Includes a 12,235 sq ft former Addison Bariatric Hospital
    • Additional 1,800 sq ft building currently leased for $2,000.00 per month
    • Development potential for multi‑family, senior housing, self‑storage, and other uses
    • Hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts
    • Year Built: 1950

    Overview

    This 7.20-acre property features approximately 875 feet of frontage on Addison Mill Pond. Included on the property is the former Addison Bariatric Hospital, a 12,235-square-foot building, and an additional 1,800-square-foot building that is currently leased for $2,000.00 per month. The hospital is equipped with a 500-kilowatt transformer with 3-phase power and 208 volts. The property is suitable for various development projects, including multi-family housing, senior housing, and self-storage facilities. Other potential uses may also be viable. The property includes commercial land, hospitals, healthcare properties, land, multifamily properties, residential income properties, self storage facilities, industrial properties, and other multifamily properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hospitals

    Suggested Use

    Big Box & Wholesale Store Nail Salon Law Firm Restaurant Grocery & Convenience Store Furniture & Home Goods Electronics & Wireless Store Grocery & Convenience Store Car Rental Facility Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.3491
    Latitude
    41.9907

    FAQs

    What type of property is this?
    Hospital - 7.20 acre property with existing hospital and additional leased building.
    Where is this hospital located?
    The property is located at 427 N STEER St Addison, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 7.20 acre property with approximately 875' of frontage on Addison Mill Pond; Includes a **12,235 sq ft former Addison Bariatric Hospital**; Additional 1,800 sq ft building currently leased for $2,000.00 per month
    More about this property
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