113 Maumee St Adrian, MI 49221-2703
Property summary
This exceptional 16,582 square foot industrial property in Adrian, Michigan, presents a lucrative investment opportunity. Situated on a 0.07-acre lot at 113 E Maumee, this versatile space seamlessly blends commercial uses. The property currently features a fully operational restaurant and bar, creating a vibrant atmosphere ideal for community gatherings and private events. The expansive bar/banquet area offers ample seating, perfect for hosting happy hours and larger functions. In addition to the established food and beverage operation, the property includes multiple office and retail spaces, providing flexibility for a variety of businesses. This mixed-use configuration allows for diverse income streams, making it an attractive option for both investors seeking high yield returns and business owners looking for a turnkey operation in a desirable location. The property's established infrastructure and prime location in Adrian offer immediate potential for growth and profitability. The existing restaurant and bar are fully equipped and ready for continued operation, while the office and retail spaces provide ample opportunity for expansion or lease to additional tenants. This is a rare opportunity to acquire a well-established, multi-faceted commercial property in a thriving Michigan market. The asking price is $1,300,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The B-3 Central Business District is designed to provide for a restricted variety of retail stores and retail activities and for office buildings and service establishments which occupy the prime retail frontage in the C…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Adrian, MIThe B-3 Central Business District is designed to provide for a restricted variety of retail stores and retail activities and for office buildings and service establishments which occupy the prime retail frontage in the C…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Adrian, MI.
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Find the owner behind the property.
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