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Medical/Dental Office Investment Opportunity
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770 Riverside Ave, Adrian, MI 49221

Two-story medical/dental office building with established tenants and high occupancy.

Property Size18,040 SF
Lot Size1.32 Acres
Price / SF$74.83
Days on Market183

Property Features for 770 Riverside Ave

General Information

Standard status Active
Size 18,040 SF
Class B
Lot size 1.32 Acres
Property subtype Office
Zoning OS-1 (Office Service)
Occupancy 100%
Lease Type Modified Gross

Building Details

Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Swisher Commercial
Listed By: Bart Wise · License #MI 6502101921
Source: Crexi
Added: Feb 19 Changed: Aug 8 Last Checked: Aug 20 at 6:55AM

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 Swisher Commercial

Investment Insights

Based on property information with market context.

This medical/dental/professional office property offers a substantial investment opportunity. The two-story building provides 18,040 square feet of space, complemented by an additional 6,071 square feet of usable basement space, situated on a 1.32-acre site. The property is zoned specifically for office use. Over 100 parking spaces are available. The building is designed for medical and dental use, featuring an accessible and fully finished basement with elevator service. Tenants include Promedica and the Veterans Administration, with many having occupied the building for over ten years. The property has a history of high occupancy. Detailed financials are available to qualified buyers.

Key Highlights

  • High occupancy rates with established tenants, including Promedica and the Veterans Administration, many with tenures exceeding ten years, indicating financial stability.
  • Dedicated medical and dental office building with office‑specific zoning.
  • Expansive 18,040 sq ft two‑story building with an additional 6,071 sq ft of usable, fully finished basement space accessible by elevator.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Building Supply Real Estate Agency Nail Salon

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

337
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

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two-story medical/dental office building with established tenants and high occupancy.
Where is this medical office space located?
The property is located at 770 Riverside Ave Adrian, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High occupancy rates with established tenants, including Promedica and the Veterans Administration, many with tenures exceeding ten years, indicating financial stability.; Dedicated medical and dental office building with office‑specific zoning.; Expansive 18,040 sq ft two‑story building with an additional 6,071 sq ft of usable, fully finished basement space accessible by elevator.
(734) 662-3778 Call to check price and availability
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