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    626 Oak St Adrian, MI 49221

    Sponsored
    For Sale
    $349,000

    12,000 SF Vacant Building, $349K

    Property size:
    12,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,600-square-foot property, formerly the Cotton Brewery, presents a unique investment opportunity in Adrian, Michigan. Built in 1980 and renovated in 2015, this single-story building sits on a sizable lot and offers versatile potential. The 12,000 square feet of rentable space features a 12-foot ceiling height, making it suitable for a variety of uses. Access is provided by multiple overhead doors (10x9 feet on the north side and 9x11 feet on the south side), along with additional access doors. The property is zoned B-2 by the city of Adrian, allowing for diverse commercial applications. The vacant lot north of the building is included in the sale. The building is currently vacant, offering immediate occupancy. The property's address is 626 Oak St, Adrian, MI 49221, and its APN is XAO-820-2015-00. A potential lease option is available at $3,400 per month, plus taxes, insurance, maintenance, and utilities. This property represents a rare chance to acquire a substantial building with significant redevelopment potential in a desirable location.

    Property Features for 626 Oak St

    General Information

    Property type
    Schools
    Square Feet
    12,600 SF

    Building Details

    Year Built/Renovated
    1980/2015
    Buildings
    1
    Stories
    1

    HighLights

    • $349,000 asking price for this special purpose property.
    • 12,000 square feet of net rentable space in a 12,600 square foot building.
    • Currently vacant.
    • Built in 1980, renovated in 2015.
    • Single‑story building with 12‑foot ceilings.
    • B‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.024501624028
    Latitude
    41.890796810653

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    FAQs

    What type of property is this?
    School - 12,000 SF Vacant Building, $349K
    Where is this school located?
    The property is located at 626 Oak St Adrian, MI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: $349,000 asking price for this special purpose property.; 12,000 square feet of net rentable space in a 12,600 square foot building.; Currently vacant.
    Request Owner's contact information
    626 Oak St Adrian, MI 49221
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    Adrian, MI 49221
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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
    626 Oak St Adrian, MI 49221
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