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    Addison, MI
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    Addison, MI Multifamily Properties for Sale

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    Manitou Beach, MI Hudson, MI Cement City, MI Lake, MI Brooklyn, MI Somerset Center, MI Jerome, MI North Adams, MI
    7.20 Acre Development Opportunity
    Updated: Mar 23, 2024
    7.20 Acre Development Opportunity

    427 N Steer St, Addison, MI 49220

    Contact for pricing
    14,035 sqft 7.20 AC lot
    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
    Development potential for multi‑family, senior housing, self‑storage, and other uses
    Hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts
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    See what stands out in Lenawee County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Addison, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Triplex with Private Dock
    Waterfront Triplex with Private Dock

    3440 Geneva Highway, Manitou Beach, MI 49253

    $689,000
    696 sqft

    Three-unit property with private waterfront access, a dock, paved areas, and natural gas service.

    View details
    Two-Unit Duplex with Fenced Yard
    Two-Unit Duplex with Fenced Yard

    113 Julian Street, Brooklyn, MI 49230

    $169,900
    0.20 AC lot

    Well-maintained two-unit duplex with a vacant upper unit and a fenced back yard.

    View details
    Restaurant with Dock and Apartments
    Restaurant with Dock and Apartments

    Manitou Beach, MI 49253

    $750,000

    Established restaurant includes three 2-bedroom, 1-bath apartments above and access to both Devils Lake and Round Lake.

    View details
    Duplex with Workshop Garage Conversion
    Duplex with Workshop Garage Conversion

    190-192 Wamplers Lake Road, Brooklyn, MI 49230

    Contact for pricing

    Two-unit duplex offering 5 bedrooms and 4 bathrooms, with a front-unit workshop space and garage conversion.

    View details

    Addison, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Addison, MI on our real estate platform. These investment opportunities span a total of 14,035 square feet of properties for sale.

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    Demographics Overview

    Population 2,468
    Population Growth (5Y) +2.3%
    Median Household Income $70,726
    College Educated 29.7%

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $77.51 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lenawee County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lenawee County

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