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Financial
Distress signals
Property profile

1325 Main St Adrian, MI 49221

OFF-MARKET
Commercial real estate
Property ID
US43-1770650
13,205 SF 2.18 ac lot Built 2008
Last sale Sep 2007
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

North Town Commons, a 13,200 square foot shopping center in Adrian, Michigan, presents a compelling investment opportunity. This stabilized, 100% occupied, multi-tenant property boasts a 7.34% cap rate and a strong NOI of $161,557. Built in 2008 and featuring 50 parking spaces, the center benefits from a recent parking lot upgrade (August 2024). Seven tenants, including a regional credit union (TLC Community Credit Union), a medical practice (Dr. Martin's Foot & Ankle), Edward Jones, a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value · 2024$791k
Effective rate4.17%

Value estimate

· Oct 2026
$510k
$459k – $561k
Submarket $/SF estimate$1.28M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 121 recorded sales of this use type
Observed band · Q1–Q3$26 – $97

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
The Community Business District (B-2) is designed to provide sites for diversified business types and is often located so as to serve pas...
General categoryCOMMERCIAL
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.2
Restaurant14.1
Auto Parts Store11.6

Location

1325 Main St Adrian, MI 49221-1721
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2000 Bent Oak Ave, Adrian, MI 49221-1564 $100,000 Dec 2025 4,680 SF
101 Maumee, Adrian, MI 49221-2703 $1,950,000 Sep 2025 21,218 SF
227 Winter, Adrian, MI 49221-2066 $250,000 May 2025 19,888 SF
3176 Ogden, Adrian, MI 49221-9204 $175,000 Apr 2025 8,784 SF
2396 Us Hwy 223, Adrian, MI 49221-9251 $335,000 Mar 2025 4,725 SF
3359 Adrian, Adrian, MI 49221-1173 $128,500 Mar 2025 7,139 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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