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    770 Riverside Ave Adrian, MI 49221

    For Lease
    $13 SF/Yr

    Prime Adrian location, 4,329 SF available.

    Lot size:
    18,048 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional two-story Class B medical office building, located at 770 Riverside Avenue in Adrian, Michigan, presents a unique investment opportunity. Situated on 1.31 acres of land, this multi-tenant property boasts a total of 18,048 square feet, with 4,329 square feet currently available for immediate occupancy. The building is conveniently located between M-52 and Tipton Highway, directly adjacent to Bixby Medical Center, ensuring high visibility and accessibility. The property is zoned OS-1 and features a 10-foot ceiling height throughout. The available space is comprised of three suites, offering a flexible layout ideal for various medical or professional practices. Each suite includes a combination of offices, exam rooms, laboratory space, and reception areas, catering to a range of healthcare needs. Ample surface parking is provided for both tenants and visitors. The property's prime location, combined with its modern amenities and proximity to a major medical center, makes it an attractive option for medical professionals seeking a well-established and convenient practice location in Adrian, Michigan. The property's APN is XAO-100-0106-01, and it's located in Lenawee County, Michigan, zip code 49221.

    Property Features for 770 Riverside Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,048 SF
    Class
    B
    Total Rate
    20093.44

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Medical Suite 17 - Lower Level
    Size
    1,347 SF
    Rate per SF
    $13
    Space
    Dental Suite 200 - 2nd Floor
    Size
    1,516 SF
    Rate per SF
    $18

    HighLights

    • Medical/dental/professional office space available for lease.
    • Multi‑tenant building offering diverse tenancy.
    • Excellent location adjacent to Bixby Medical Center.
    • Suites available for immediate occupancy.
    • Abundant on‑site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.0478821
    Latitude
    41.9131182

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    FAQs

    What type of property is this?
    Medical office - Prime Adrian location, 4,329 SF available.
    Where is this medical office located?
    The property is located at 770 Riverside Ave Adrian, MI.
    What is the lease rate?
    The lease rate is $13-$18 SF/Yr.
    What are key features of this property?
    This property features: Medical/dental/professional office space available for lease.; Multi-tenant building offering diverse tenancy.; Excellent location adjacent to Bixby Medical Center.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    770 Riverside Ave Adrian, MI 49221
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