300 Adelaide St Fenton, MI 48430
- Retail properties
- 1,376 SF
- 0.76 lot acres
Current Use by Public Records
- Retail properties
Property Details for 300 Adelaide St
- Year built
- 1910
- Lot size
- 0.76 lot acres
- Property size
- 1,376 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property at 300 N Adelaide Street in Fenton, Michigan, presents a compelling investment opportunity. Located in the heart of downtown Fenton, this 0.76-acre lot offers a prime location with high visibility and walkability to numerous restaurants and amenities. The property currently features three structures totaling 1,376 square feet, and is zoned for commercial use, allowing for a variety of development options. The asking price is $750,000, translating to $617 per square foot. Built in 1910, the existing structures are situated on a hard corner, providing excellent exposure. The property's potential is further enhanced by its "almost shovel-ready" status for a proposed four-story mixed-use building, incorporating retail, office, and potentially multi-family residential components. This presents a unique chance to capitalize on Fenton's thriving downtown area. The property includes three separate tax IDs: 5326582032, 5326582033, and 5326582029. The four-story building plan offers significant upside potential, making this a truly remarkable investment prospect in a desirable Michigan location. The property is classified as retail, multifamily, office, and mixed-use, with subtypes of traditional office and apartment building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fenton
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7097
- Latitude
- 42.7986
