Technical
Financial
Distress signals
Property profile

1310 Maumee St Adrian, MI 49221

OFF-MARKET
Commercial real estate
Property ID
US43-2648874
5,752 SF 0.28 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 5,752 square foot industrial building presents a unique investment opportunity in Adrian, Michigan's Eastside Marihuana Overlay District. Located at 1310 E Maumee, this property sits on a 0.27-acre lot and is offered at $199,000. The building is currently undergoing some updates to its HVAC and electrical systems, although these are incomplete. A prospective buyer should independently verify the extent of these improvements. It's crucial for any interested party to confirm the availability of necessary licenses and permits for their intended use with both the City of Adrian and the State of Michigan. This is a significant consideration given the property's location within the Marihuana Overlay District. The building's size and location offer considerable potential for a variety of industrial uses, subject to obtaining the appropriate approvals. The 0.27-acre lot provides ample space for potential expansion or outdoor storage, depending on zoning regulations and permitted uses. This property is being sold as-is, and a thorough inspection is strongly recommended before purchase. The sale price reflects the current state of the building and the need for potential further investment to complete the ongoing updates and secure necessary licenses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 5,752 SF
Lot 0.28 ac (11,979 SF)
Zoning code I-2
APN XA0-345-0004-02
UPID US43-2648874

Cap rate & NOI

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

Location

1310 Maumee St Adrian, MI 49221-3444
Adrian metro Census 61301 ADRIAN, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$250k

Owner & transaction history

since 2025
Last sale
$100,000
4 recorded transactions
2025
$100,000
2022
Price N/A
2020
Price N/A
2020
$240,000

Zoning & alternative use

I-2 · Adrian, MI
Zoning description

I-2 General Industrial District is designed primarily for manufacturing, assembling and fabrication activities including large scale or specialized industrial operations, whose external physical effects will be felt to s…

General category INDUSTRIAL

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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