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113 Maumee St Adrian, MI 49221-2703

OFF-MARKET Commercial real estate Google Maps
0.07 ac lot
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$195k
Range $176k – $215k (±10%)
Property ID US43-1321403

Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.07 ac (3,049 SF)
Zoning code B-3
APN XA0-100-0167-00
UPID US43-1321403

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$195k

Owner & transaction history

since 2022
2 recorded transactions
2022
$77,900
2022
$56,500

Zoning & alternative use

B-3 · Adrian, MI
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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