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Property profile & analytics
OFF-MARKET Estimated value $4,100,000
Industrial properties

412 Beecher St Adrian, MI 49221-3806

157,750 SF 7.29 ac lot
Individually Owned Free & Clear
Property ID
US43-1691404
Property summary
AI-generated overview

This exceptional 157,750-square-foot industrial warehouse, located at 412 W. Beecher, Lenawee County, offers a significant opportunity. Recently renovated in 2023, this Class C building boasts 20-foot ceilings and features 107,000 square feet of vacant space available in May 2025, divisible to a minimum of 10,000 square feet and with a maximum contiguous space of 107,000 square feet. The property sits on a 7.29-acre lot and includes six loading docks, four drive-in doors (various sizes: 10x10, 17x16, 12x14, and 16x18), and ample parking for 75 vehicles. A large loading deck on the north side provides convenient access to the high-bay area. The property benefits from two on-site electric substations (12,500 KVA, upgradeable to 50 million megahertz), offering substantial power capacity. Potential for a rail spur exists, with local railroad companies actively seeking to accommodate such needs. The building also includes approximately 2,880 square feet of office space. The property is zoned I-1 and has an APN of XA0-320-0045-04. Annual property taxes are $0.50 per square foot. This is a single-story building constructed in 1970, offering a blend of established infrastructure and modern upgrades. Cross streets are M-52 (S. Main St).

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 157,750 SF
Lot 7.29 ac (317,552 SF)
Zoning code I-1
APN XA0-320-0045-04
UPID US43-1691404
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.10M
Owner & transaction history
Jeffery Gappy
Jeffery Gappy
since 2025
Last sale
$4.1M
4 recorded transactions
2025
Price N/A
2025
$4.1M
2025
Price N/A
2024
$485,000
Zoning & alternative use
I-1 · Adrian, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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