1416-1424 Main St Adrian, MI 49221
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.