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Financial
Distress signals
Property profile

1329 S Main St Adrian, MI 49221

FOR SALE
Commercial real estate
Property ID
US43-1671644
6,354 SF 1.43 ac lot
Last sale Jun 2016 · $415,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1329 S Main St, Adrian, MI 49221 For Sale
$1,135,000 6,354 SF
1329 S Main St, Adrian, MI 49221
View Listing

Property summary

AI-generated overview

This exceptional Class A, single-tenant, net-lease investment property presents a compelling opportunity. Located at 1329 S Main St, Adrian, MI 49221, this 6,683 square foot restaurant, built in 2017, sits on a 1.4-acre lot and is currently 100% occupied by Aubree's Pizzeria & Grill, one of their eight Michigan locations. The property boasts a strong 5-year remaining lease term, offering predictable cash flow and high returns. The asking price is $1,650,000, translating to $246.90 per square…

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?
$36k
Tax billed · 2023
Assessed value · 2024$669k
Effective rate5.40%

Value estimate

· Oct 2026
$435k
$392k – $479k
Submarket $/SF estimate$616k
NOI build-up
Gross scheduled income$103k
Vacancy & credit loss−$4k
Operating expenses−$25k
NOI · 6.52% cap applied$74k

Realmo valuation models over county records and 5 qualifying comparable sales.

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
Qualifying comparables5

Cap rate analysis

How does the asset earn?
6.52%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-4
The Planned Shopping Center District (B-4) is designed to service the needs of the convenience or comparison shopper. The district is gen...
General categoryCOMMERCIAL
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.7
Law Firm21.9
Dental Office19.2

Location

1329 S Main St Adrian, MI 49221
County assessor Recorded deeds · 8 transfers 5 qualifying comp sales 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
639 Main, Adrian, MI 49221-3214 $325,000 Sep 2025 3,087 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
126 Main, Adrian, MI 49221-2740 $31,000 Jan 2025 3,776 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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