Baldwin Hwy Adrian, MI 49221
- Land
- 36.02 lot acres
Current Use by Public Records
- Land
Property Details for 0 Baldwin Hwy
- Lot size
- 36.02 lot acres
- Property type
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Adrian
- County
- Lenawee
- State
- Michigan
- Longitude
- -84.0577
- Latitude
- 41.8779
