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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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Addison, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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 Shop with Real Estate
    Automotive Repair Shop with Real Estate

    37 W Carleton Road, Hillsdale, MI 49242

    $700,000
    19,500 sqft

    Operating service business with seller-owned equipment, multiple parcels, and additional warehouse capacity through a lease.

    View details
    Secure Flex Industrial Facility
    Secure Flex Industrial Facility

    8310 Hudson Road, Pittsford, MI 49271

    $449,900
    4,884 sqft 5.00 AC lot

    Purpose-built 2021 steel building with secure access rooms, office space, and overhead dock door for commercial use.

    View details
    Metal-Sided Warehouse Building
    Metal-Sided Warehouse Building

    305 Arch Avenue, Hillsdale, MI 49242

    $369,900
    6,135 sqft 0.59 AC lot

    Warehouse with metal siding, forced-air heating, broadband service, and two on-site bathrooms.

    View details
    Secure Flex Facility
    Secure Flex Facility

    8310 Hudson Road, Pittsford, MI 49271

    $449,900
    5.00 AC lot

    Insulated commercial facility with offices, a conference room, gated access, and adaptable interior rooms.

    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.

    Industrial Land with Rail Access
    Industrial Land with Rail Access

    1851 W Beecher Road, Adrian, MI 49221

    $1,500,000
    30.00 AC lot

    I-2 zoned undeveloped land in Adrian offers direct rail access and major road frontage for industrial development.

    View details
    Industrial Land in Micor Park
    Industrial Land in Micor Park

    O Research Drive, Jackson, MI 49203

    $45,000
    2.40 AC lot

    Vacant industrial land with public water and sewer available in the street.

    View details
    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
    Heavy Industrial Land
    Heavy Industrial Land

    8521 Page Avenue, Jackson, MI 49201

    $2,500,000
    152.41 AC lot

    Large industrial land holding with high-voltage transmission infrastructure and access near major regional routes.

    View details

    Addison, MI Warehouses Market Trends and Statistics

    Explore 2 warehouses 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 warehouse buildings 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 $530K

    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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