1542 West Maple Ave Adrian, MI 49221
- Commercial real estate
- 2,900 SF
- 0.54 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1542 West Maple Ave
- Year built
- 1992
- Lot size
- 0.54 lot acres
- Property size
- 2,900 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- XA0-100-0308-03
- APU
- XA0100030803
Description
This exceptional 5,800 square foot industrial property, situated on a 0.54-acre lot at 1542 West Maple in Adrian, MI, presents a unique investment opportunity. The building boasts two levels, previously configured for medical and therapeutic uses. The upper level, formerly an Obstetrics and Gynecological practice, offers ample space for a variety of professional office uses. The lower level is currently leased to an orthopedic massage business, with the seller committed to extending the lease for one year post-closing. This provides immediate rental income of $1,050 per month. The first level is available for immediate occupancy, offering flexibility for owner-occupancy or additional leasing potential. The building is exceptionally well-maintained, reflecting a high standard of ownership. A detailed inventory and improvements list is available for serious inquiries. The property is serviced by well and sewer, ensuring reliable utilities. This property is priced at $550,000 and represents a strong value in the Adrian commercial real estate market. Its versatile layout, existing rental income, and prime West Adrian location make it an attractive investment for both seasoned and emerging investors. Don't miss this chance to acquire a well-maintained, income-producing property with significant upside potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Adrian
- County
- Lenawee
- State
- Michigan
- Longitude
- -84.0665
- Latitude
- 41.9059
- CBSA code
- 10300
- CBSA name
- ADRIAN, MI MICROPOLITAN STATISTICAL AREA