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    Addison Mill Pond Development Opportunity
    Updated: Mar 11
    Addison Mill Pond Development Opportunity

    427 N STEER St, Addison, MI 49220

    $600,000
    12,235 sqft 7.20 AC lot
    7.20 acre property with approximately 875' of frontage on Addison Mill Pond
    Includes a 12,235 sq ft former Addison Bariatric Hospital
    Additional 1,800 sq ft building currently leased for $2,000.00 per month
    Development potential for multi‑family, senior housing, self‑storage, and other uses
    Hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts
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    7.20 Acre Development Opportunity
    Updated: Mar 23, 2024
    7.20 Acre Development Opportunity

    427 N Steer St, Addison, MI 49220

    Contact for pricing
    14,035 sqft 7.20 AC lot
    7.20 acre property with approximately 875' of frontage on Addison Mill Pond
    Includes a 12,235 sq ft former Addison Bariatric Hospital
    Additional 1,800 sq ft building currently leased for $2,000.00 per month
    Development potential for multi‑family, senior housing, self‑storage, and other uses
    Hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Addison, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Automotive Repair Property with Storage
    Automotive Repair Property with Storage

    2511 N Parma Road, Parma, MI 49269

    $435,000
    4,800 sqft 2.11 AC lot

    Former repair operations include service bays and vehicle pits, with a separate storage component on the site.

    View details
    32-Unit Self Storage Facility
    32-Unit Self Storage Facility

    584 W Union City Road, Union City, MI 49094

    $360,000
    6,552 sqft 1.04 AC lot

    Two-building storage property with electricity available.

    View details
    Auto Shop With Self-Storage
    Auto Shop With Self-Storage

    2511 N, Parma, MI 49269

    $435,000
    2.11 AC lot

    Automotive facility with service bays, vehicle pits, and self-storage space near the I-94 interchange.

    View details
    Two-Building Storage Facility
    Two-Building Storage Facility

    584 W, Union City, MI 49094

    $360,000

    For sale storage facility with two buildings totaling 32 units, established in Union Township, Michigan.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Utilities
    Commercial Land with Utilities

    VL Losey Street, Jackson, MI 49203

    $74,900
    3.14 AC lot

    Vacant commercial acreage with public water, public sewer, and natural gas availability.

    View details

    Addison, MI Self Storage Facilities Market Trends and Statistics

    Explore 2 self storage facilities for sale in Addison, MI on our real estate platform. These investment opportunities span a total of 26,270 square feet of properties for sale, with an estimated market value of $600,000.

    Sale prices for storage units in Addison, MI average $600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Self storage facilities 2

    Demographics Overview

    Population 2,468
    Population Growth (5Y) +2.3%
    Median Household Income $70,726
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

    Identify Addison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49220 $600K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $77.51 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lenawee County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lenawee County

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