3180 N Adrian Hwy (m-52), ADRIAN

$250,000

0 Beds
0 Baths
1,640 Sqft
2.3 Acres
0 Garages

Great investment property located across from MGR Theater on busy N. Adrian Hwy, (M52) in Adrian MI. Located approximately one mile from new ProMedica Regional Hospital site. 20 unit mobile home park, 18 units are owned by park (2 of which are in poor condition and not habitable) and 2 homes are tenant owned. Park is licensed for 25 units. Office and apartment are not currently part of the income stream.(vacant). Office building is approximately 75% vacant and could potentially be converted into an office or apartment. Existing apartment is occupied by onsite general maintenance person who receives complimentary rent in exchange for services. Cap rate is little more than 18%.

Essential Information
MLS® #57031377664
Price$250,000
Total Sq. Ft1,640
Acres2.30
Year Built1957
TypeCommercial
Sub-TypeCommercial
StatusActive
Community Information
Address3180 N Adrian Hwy (m-52)
Area13092-Adrian
CityADRIAN
CountyLenawee
StateMI
Zip Code49221
Listing Details
OfficeHoward Hanna-Monroe
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 3180 N Adrian Hwy (m-52), ADRIAN, MI

Photo of Listing #56031400154

632 W Beecher St, ADRIAN

$250,000 - 1,400 Sf

MLS® # 56031400154

Photo of Listing #56031390353

3124 N Adrian Highway, ADRIAN TWP

$199,900 - 2,935 Sf

MLS® # 56031390353

Photo of Listing #56031336584

2577 N Adrian Hwy, ADRIAN TWP

$229,900 - 1,689 Sf

MLS® # 56031336584

IDX provided courtesy of Realcomp II Ltd., via Keller Williams and MONROE, ©2019 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Sign up for email updates