427 Steer St Addison, MI 49220-9409
Property profile & analytics
427 Steer St Addison, MI 49220-9409
- Commercial real estate
- 1,116 SF
- 0.48 lot acres
Property ID
US43-1917925
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 427 Steer St
- Year built
- 1920
- Lot size
- 0.48 lot acres
- Property size
- 1,116 SF
- Property type
- Commercial real estate
- APN
- WD1-131-4475-00
- APU
- WD1131447500
Description
This exceptional 7.2-acre property in Addison, MI, presents a remarkable investment opportunity. The site boasts approximately 875 feet of frontage on the serene Addison Mill Pond, offering picturesque views and potential for various developments. The property includes a substantial 12,235-square-foot building, formerly the Addison Bariatric Hospital, featuring a robust 500-kilowatt transformer with 3-phase power and 208 volts. This significant power capacity opens doors to a wide range of industrial or commercial uses. In addition to the main building, a secondary 1,800-square-foot structure generates a consistent monthly income of $2,000 through an existing lease. The property's expansive size and prime location make it ideal for diverse development projects, including multi-family housing, senior living facilities, self-storage units, or other commercial ventures. The tranquil setting, combined with the substantial existing infrastructure, creates a unique opportunity for significant return on investment. All square footage and income figures are estimates and should be independently verified. This is a rare chance to acquire a large, versatile property with substantial existing structures and significant development potential in a desirable location. The property is priced at $800,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Addison
- County
- Lenawee
- State
- Michigan
- Longitude
- -84.3491
- Latitude
- 41.9911
- CBSA code
- 10300
- CBSA name
- ADRIAN, MI MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$4,100
-
$0.00
$0.00
$8,200
