7.20 Acre Development
For Sale
Contact for pricing
427 N STEER ST, Addison, MI 49220
7.20 acre property with frontage on Addison Mill Pond.
Property Size14,035 SF
Lot Size7.20 Acres
Price / SF$42.75
Days on Market881
Property Features for 427 N STEER ST
General Information
Standard status
Active
Size
14,035 SF
Class
B
Lot size
7.20 Acres
Property subtype
Land
Zoning
Commercial
Investment Type
Redevelopment
Net Operating Income
$99,999
Building Details
Year Built
1950
Year Renovated
2019
Buildings
2
Stories
2
Units
2
Listing Agency:
Van Esley Real Estate
(734) 459-7570
Listed By:
David Misko · License #MI
Source:
Crexi
Added: Mar 23, 2024
Changed: Aug 13
Last Checked: Aug 19 at 5:30AM
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 Van Esley Real Estate
Investment Insights
Based on property information with market context.
This 7.20-acre property features approximately 875 feet of frontage on Addison Mill Pond. Included on the property is a 12,235-square-foot former bariatric hospital and an additional 1,800-square-foot building, which is currently leased for $2,000.00 per month. The hospital is equipped with a 500-kilowatt transformer providing 3-phase power at 208 volts. The property presents development opportunities for multi-family housing, senior housing, self-storage facilities, and various other uses.
Key Highlights
- 7.20 acre property with approximately 875' of frontage on Addison Mill Pond
- Includes a 12,235 sq ft former Addison Bariatric Hospital
- Additional 1,800 sq ft building currently leased for $2,000.00 per month
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 49220, MI
2,390
Population
1,313
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
96%
High-School Grad
32.0 sq mi
ZIP Area
75
Density / Sq Mi
$70,726
Median Household Income
$37,364
Median Earnings
$803
Median Rent
$205,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 7.20 acre property with frontage on Addison Mill Pond.
Where is this commercial land located?
The property is located at 427 N STEER ST Addison, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 7.20 acre property with approximately 875' of frontage on Addison Mill Pond; Includes a **12,235 sq ft former Addison Bariatric Hospital**; Additional 1,800 sq ft building currently leased for $2,000.00 per month
