770 Riverside Ave Adrian, MI 49221
For Lease
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Property summary
This exceptional two-story Class B medical office building, located at 770 Riverside Avenue in Adrian, Michigan, presents a unique investment opportunity. Situated on 1.31 acres of land, this multi-tenant property boasts a total of 18,048 square feet, with 4,329 square feet currently available for immediate occupancy. The building is conveniently located between M-52 and Tipton Highway, directly adjacent to Bixby Medical Center, ensuring high visibility and accessibility. The property is zoned OS-1 and features a 10-foot ceiling height throughout. The available space is comprised of three suites, offering a flexible layout ideal for various medical or professional practices. Each suite includes a combination of offices, exam rooms, laboratory space, and reception areas, catering to a range of healthcare needs. Ample surface parking is provided for both tenants and visitors. The property's prime location, combined with its modern amenities and proximity to a major medical center, makes it an attractive option for medical professionals seeking a well-established and convenient practice location in Adrian, Michigan. The property's APN is XAO-100-0106-01, and it's located in Lenawee County, Michigan, zip code 49221.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The OS-1 District is designed to accommodate various types of office uses performing administrative, professional and personal services. These are typically small office buildings which can serve as a transitional use be…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Adrian market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OS-1 · Adrian, MIThe OS-1 District is designed to accommodate various types of office uses performing administrative, professional and personal services. These are typically small office buildings which can serve as a transitional use be…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for OS-1 in Adrian, MI.
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