Addison Mill Pond Development
For Sale
$600,000
427 N STEER St, Addison, MI 49220
7.20 acre property with existing hospital and additional leased building.
Property Size12,235 SF
Lot Size7.20 Acres
Price / SF$49.04
Days on Market164
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
Listing Agency:
Van Esley Real Estate Inc
(734) 459-7570
Listed By:
David D Misko · License #6501351778
(734) 459-7570
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Aug 20 at 9:33AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 49220, MI
2,390
Population
1,313
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
96%
High-School Grad
32.0 sq mi
ZIP Area
75
Density / Sq Mi
$70,726
Median Household Income
$37,364
Median Earnings
$803
Median Rent
$205,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
