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Property profile & analytics
OFF-MARKET
Land

0 Baldwin Hwy Adrian, MI 49221

36.02 ac lot
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity in Adrian, Michigan, featuring a 100-unit condominium development situated on a 36.02-acre lot (APN: MD0-820-8000-00). The property is zoned for residential use and boasts significant infrastructure already in place. Sanitary sewer and storm sewer systems are fully installed throughout the development. Phase I is complete, with sewer, water, electrical, gas, and cable services already connected. Currently, eight condos are built and occupied, and four more are under construction. A total of sixteen units have been sold, leaving 84 available units for sale at an asking price of $450,000. This represents a unique opportunity to acquire a ready-to-build site in a desirable Adrian location. All sewer tap fees have been paid, minimizing upfront costs and streamlining the development process. The existing infrastructure significantly reduces the time and expense associated with new construction, making this an attractive proposition for investors seeking a high-return project. The property's location in Adrian offers convenient access to local amenities and services, further enhancing its appeal.

Property profile
Verified
Property type Land
Lot 36.02 ac (1,569,031 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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