651 Oak St, Adrian, MI 49221-3316
This exceptional 2,800 square foot industrial property, situated on a 0.18-acre lot at 651 Oak in Adrian, MI, presents a fantastic opportunity for a discerning business owner. The building boasts a substantial 30 x 40 foot garage featuring two large bays, perfectly suited for various industrial applications. Heavy-duty equipment is accommodated by a 9,000 lb. hoist, while a commercial air compressor enhances operational efficiency. Maintaining a comfortable work environment year-round is ensured by radiant heat installed in the garage bays in 2016 and a newer gas heater (2021) in the workshop area. The separate front office provides ample space for a waiting area, creating a professional and welcoming atmosphere for clients. A full bathroom with a shower adds to the convenience. The property's roof received a protective coating in 2015, ensuring long-term durability. This turnkey operation is ready for immediate occupancy, offering a blend of functionality and comfort. The sale excludes a workbench with vice. This is an exceptional opportunity to acquire a well-maintained industrial space in a desirable location. The asking price is $105,000. Don't miss out on this chance to establish or expand your business in a prime Adrian location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Adrian, MIAdrian. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.