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Flex Space with Garage Bays
New
For Sale
$189,500

651 Oak St, Adrian, MI 49221

Office space, a full bathroom, and a renovated lean-to support a range of commercial functions.

Property SizeContact for details
Days on Market2

Property Features for 651 Oak St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,427

Building Details

Year Built 1950
Listing Agency: Foundation Realty
Listed By: Mark Baker · License #6502138749
Source: Elliman
Added: Sep 24 Last Checked: Sep 24 at 2:22PM

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

Investment Insights

Based on property information with market context.

This 1950-built flex property in Adrian, Michigan, contains more than 2,100 square feet, with office area, a full bathroom, and over three garage bays. Interior and exterior updates have been completed, and a renovated lean-to adds storage space.

A newly installed parking lot serves the property at 651 Oak St. The combination of office area, garage bays, and supplemental storage provides several functional components within one commercial building.

Key Highlights

  • More than 2,100 square feet of flex space
  • Over 3 garage bays
  • Office area and a full bathroom

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Pharmacy HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Real Estate Agency Bakery

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

Location Intelligence

Trade Area within ½ mile

202
Businesses Nearby
Under-served
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
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Office space, a full bathroom, and a renovated lean-to support a range of commercial functions.
Where is this flex space located?
The property is located at 651 Oak St Adrian, MI.
What is the asking price?
The asking price for this property is $189,500.
What are key features of this property?
This property features: More than 2,100 square feet of flex space; Over 3 garage bays; Office area and a full bathroom
More about this property
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