Property summary
This exceptional value-add opportunity presents a 13,125-square-foot industrial building situated on a 0.5-acre lot in Adrian, Michigan. Located at 1219 E Church St, 49221, this property is zoned INDUSTRIAL and offers significant potential for investors seeking to enhance and reposition a vacant asset. The building, classified as Class C, features a single unit across two stories, and includes one dock-high door. The asking price is $124,900, translating to a price per square foot of $9.52. The property is currently vacant, presenting a blank canvas for immediate improvements and tenant acquisition. The building boasts 3-phase power, a significant advantage for many industrial tenants. Further enhancing its appeal, an adjacent vacant lot across Church Street provides ample parking opportunities. This fee-simple ownership offers complete control and flexibility. The property's APN is XA0-345-0032-01. This is a rare chance to acquire a substantial industrial property in a desirable location with the potential for strong returns. The property's vacant status allows for immediate customization to meet specific tenant needs or to implement value-enhancing renovations. The combination of size, location, and potential makes this a compelling investment prospect.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The I-1 Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses, and industrial operations whose external, physical effects are restricted to the area of the district and in…
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
I-1 · Adrian, MIThe I-1 Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses, and industrial operations whose external, physical effects are restricted to the area of the district and in…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The I-1 Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses, and industrial operations whose external, physical effects are restricted to the area of the district and in…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Adrian, MI.
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