Property profile

203 Adrian St Blissfield, MI 49228

OFF-MARKET
Industrial properties
Property ID
US43-1297597
6,460 SF 0.52 ac lot Built 1989
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 21,670-square-foot industrial property, located at 203 E Adrian St, Blissfield, MI 49228, presents a unique investment opportunity. Originally constructed in 1920 and significantly renovated in 1986, this vacant building boasts a rich history as a former coal plant and, more recently, housed a leading manufacturer of precision equipment. The property sits on an 18,437-square-foot lot and features two stories, two loading docks with two dock-high doors, and a substantial 20-foot ceiling height. The spacious layout offers ample room for various industrial or manufacturing uses, warehousing, or distribution. Its C-3 zoning allows for diverse operational possibilities. The property benefits from convenient access to major transportation routes and includes rail access, adding significant logistical advantages. The building is equipped with a steel roof, ample parking, several cranes, and three-phase 220 and 440-volt power. The asking price is $595,000, translating to $27.46 per square foot. This property's combination of size, location, and features makes it an ideal choice for a wide range of industrial businesses seeking a well-established and versatile space. The APN is BL2-620-0310-00 & BL2-620-0320-00.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1989
Total area 6,460 SF
Lot 0.52 ac (22,564 SF)
Zoning code C-3
APN BL2-620-0310-00
UPID US43-1297597

Cap rate & NOI

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

Location

203 Adrian St Blissfield, MI 49228-1301
Blissfield metro Census 62100 ADRIAN, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Zoning & alternative use

C-3 · Blissfield, MI
Zoning description

within a zoning classification of C-1, C-2, C-3, I-1, ORI, or any non-residential special use, an obscuring wall shall be constructed to create a visual screen along all adjoining boundaries of property zoned or used for…

General category COMMERCIAL

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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