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    217 Hwy 223 Adrian, MI 49221

    Sponsored
    For Lease
    Contact for pricing

    Prime Adrian storefront, flexible space available.

    Lot size:
    5,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Shoppe's of Adrian offers a fantastic retail opportunity in a vibrant location at 217 East Highway 223, Adrian, MI 49221. This multi-tenant retail center boasts a total of 5,280 square feet, with 2,500 square feet currently available for lease. The space is highly flexible, accommodating tenants seeking anywhere from 1,000 to 2,500 contiguous square feet. This allows for a variety of business models and sizes to thrive within this established center. The property is conveniently located in Lenawee County, offering excellent visibility and accessibility for customers. Ample parking is provided with 39 spaces available for patrons and employees. The property is classified as a storefront retail space and is ideal for businesses seeking a high-traffic location with strong community presence. The available space presents a unique chance to establish or expand a retail operation in a well-maintained building with convenient parking. Interested parties are encouraged to inquire about lease terms and availability. This is a prime opportunity to secure a desirable retail space in a thriving Michigan community.

    Property Features for 217 Hwy 223

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,280 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,500 SF

    HighLights

    • New retail space available in Adrian, MI, joining Tropical Smoothie Cafe & Jersey Mike's in a Meijer outlot at US 223 & Division St.
    • Strong demographics: Adrian College (1,800 students), Siena Heights University (1,200 students), and a local hospital.
    • Completion expected Q1 2024.
    • High visibility from Division Street and US 223.
    • Excellent location with 30,000+ VPD at the M‑52 and US‑223 intersection.
    • Nearby national retailers include Meijer, Walmart, Lowe's, and Adrian Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.059029
    Latitude
    41.8851765

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    FAQs

    What type of property is this?
    Individual retail property - Prime Adrian storefront, flexible space available.
    Where is this individual retail property located?
    The property is located at 217 Hwy 223 Adrian, MI.
    What are key features of this property?
    This property features: New retail space available in Adrian, MI, joining Tropical Smoothie Cafe & Jersey Mike's in a Meijer outlot at US 223 & Division St.; Strong demographics: Adrian College (1,800 students), Siena Heights University (1,200 students), and a local hospital.; Completion expected Q1 2024.
    Request Owner's contact information
    217 Hwy 223 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
    217 Hwy 223 Adrian, MI 49221
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