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Financial
Distress signals
Property profile

905 N Main St Adrian, MI 49221

FOR SALE
Commercial real estate
Property ID
US43-1414100
7,218 SF 1.18 ac lot
Last sale Apr 2019 · $570,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 7,596 square foot shopping center, located at 905 N. Main St. in Adrian, Michigan, presents a compelling investment opportunity. Built in 1998 and renovated in 2010, the property boasts a 100% occupancy rate across its multi-tenant structure. The asking price is $750,000, representing a price per square foot of $98.74 and a 7.30% cap rate. The property sits on a 1.18-acre lot and is zoned for commercial use. The lease type is NNN with a remaining term of 3 years. This…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2024$396k
Effective rate4.10%

Value estimate

· Oct 2026
$540k
$486k – $594k
Submarket $/SF estimate$639k
NOI build-up
Gross scheduled income$118k
Vacancy & credit loss−$5k
Operating expenses−$34k
NOI · 10.51% cap applied$79k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 121 recorded sales of this use type
Observed band · Q1–Q3$26 – $97
Qualifying comparables5

Cap rate analysis

How does the asset earn?
10.51%
$79k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2
The Community Business District (B-2) is designed to provide sites for diversified business types and is often located so as to serve pas...
General categoryCOMMERCIAL
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.3
HVAC Service12.9
Wholesale Shop12.2

Location

905 N Main St Adrian, MI 49221
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2000 Bent Oak Ave, Adrian, MI 49221-1564 $100,000 Dec 2025 4,680 SF
639 Main, Adrian, MI 49221-3214 $325,000 Sep 2025 3,087 SF
3176 Ogden, Adrian, MI 49221-9204 $175,000 Apr 2025 8,784 SF
2396 Us Hwy 223, Adrian, MI 49221-9251 $335,000 Mar 2025 4,725 SF
3359 Adrian, Adrian, MI 49221-1173 $128,500 Mar 2025 7,139 SF
126 Main, Adrian, MI 49221-2740 $31,000 Jan 2025 3,776 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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