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Property profile & analytics
OFF-MARKET
Lifestyle centers

1416-1424 Main St Adrian, MI 49221

202,228 SF
Property ID
Property summary
AI-generated overview

This exceptional 202,228 square foot shopping center, located at 1416-1424 S Main St in Adrian, Michigan (49221), presents a compelling investment opportunity. The property is zoned for commercial use and features a multi-tenant configuration with a NNN lease type. A significant portion of the space (27,679 square feet) was formerly occupied by Big Lots. The center enjoys a highly desirable location, situated directly across from the Adrian Mall, benefiting from significant foot traffic and visibility. Its strategic position also places it within two miles of three university campuses, ensuring a consistent flow of potential customers. The property's versatility is further enhanced by its potential for subdivision, allowing for flexible adaptation to various tenant needs and business models. Current tenants include a strong mix of established retailers such as Planet Fitness, Staples, Family Farm & Home, and Harbor Freight Tools, creating a vibrant and attractive shopping destination. This well-positioned retail center offers a unique chance to acquire a substantial property in a thriving commercial area. The property is currently for sale.

Property profile
Verified
Property type Lifestyle centers
Total area 202,228 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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