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    1416-1424 Main St Adrian, MI 49221

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    For Sale
    Contact for pricing

    Prime Retail Center - High Traffic Location

    Property size:
    202,228 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 202,228 square foot shopping center, located at 1416-1424 S Main St in Adrian, Michigan (49221), presents a compelling investment opportunity. The property is zoned for commercial use and features a multi-tenant configuration with a NNN lease type. A significant portion of the space (27,679 square feet) was formerly occupied by Big Lots. The center enjoys a highly desirable location, situated directly across from the Adrian Mall, benefiting from significant foot traffic and visibility. Its strategic position also places it within two miles of three university campuses, ensuring a consistent flow of potential customers. The property's versatility is further enhanced by its potential for subdivision, allowing for flexible adaptation to various tenant needs and business models. Current tenants include a strong mix of established retailers such as Planet Fitness, Staples, Family Farm & Home, and Harbor Freight Tools, creating a vibrant and attractive shopping destination. This well-positioned retail center offers a unique chance to acquire a substantial property in a thriving commercial area. The property is currently for sale.

    Property Features for 1416-1424 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    202,228 SF

    HighLights

    • 27,679 SF former Big Lots building.
    • High‑traffic location across from Adrian Mall.
    • Excellent demographics with three university campuses within two miles.
    • Flexible layout allowing for subdivision.
    • Strong tenant mix including Planet Fitness, Staples, Family Farm & Home, and Harbor Freight Tools.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.0452395
    Latitude
    41.8758806

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Center - High Traffic Location
    Where is this lifestyle center located?
    The property is located at 1416-1424 Main St Adrian, MI.
    What are key features of this property?
    This property features: 27,679 SF former Big Lots building.; High-traffic location across from Adrian Mall.; Excellent demographics with three university campuses within two miles.
    Request Owner's contact information
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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
    1416-1424 Main St Adrian, MI 49221
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