126 Broad St Adrian, MI 49221-1666

Property Details for 126 Broad St

Year built

1960

Lot size

0.94 lot acres

Property size

4,090 SF

Zone code

OS-1

Property type

Commercial real estate

APN

XA0-000-0131-01

APU

XA0000013101

Description

This exceptional opportunity presents a vacant, 3,952 square foot restaurant building located at 126 N Broad St, Adrian, MI 49221. The property sits on a 0.94-acre lot and boasts a highly visible location directly across from City Hall, offering excellent exposure to significant traffic. Built in 1960 and renovated in 1996, the building features OS-1 zoning, making it ideal for a variety of uses. Its proximity to Adrian College and Sienna Heights University provides access to a large student population. The property benefits from high traffic counts of 12,883 vehicles per day at the nearby intersection of North Main and Toledo Streets. The surrounding area has a population of 32,779 within a 3-mile radius, indicating a strong potential customer base. The asking price is $75,000. The property is zoned OS-1. This is a non-contingent sale with an earnest money deposit requirement of the greater of $20,000 or 10% of the purchase price, and a marketing fee of 5% of the winning bid amount, with a $20,000 minimum. A $10,000 participation deposit is also required.