726 Main St, Adrian, MI 49221-2152
This exceptional 5,000 square foot industrial property, situated at 726 N Main Street in Adrian, Michigan, presents a unique investment opportunity. The building, formerly a VFW Hall, boasts a prime location on Business Route M-52, ensuring high visibility and accessibility. The property includes a fully equipped bar and kitchen, complete with a substantial 16 x 10 walk-in cooler, ideal for various commercial ventures. A large dining hall provides ample space for gatherings or events, complemented by a full basement offering significant storage potential. Six restrooms cater to a large capacity, and a small office space is available for administrative needs. The second floor offers additional space, adaptable for use as office space or further storage. On-site parking is provided for convenience. The property is priced at $150,000 and sits on a lot with no acreage specified. Its versatile layout and central location make it suitable for a wide range of commercial uses, presenting a strong return on investment potential. The building's existing infrastructure, including the bar, kitchen, and ample space, significantly reduces the initial investment required for a new business. This is a rare opportunity to acquire a well-established building in a high-traffic area of Adrian.
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.