$1,950,000
$2,250,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
21,218 SqFt
SOLD DATE : 07/12/2024
Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 21,218 sqft
Price per Sqft $91
Subdivision Mi
MLS Listing ID 50131757
Sold Date 07/12/24
Year Built 2017
Annual Tax Amount $20,082
Tax Year 2022
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 80x100
Property Description
Renovated 21-Unit Downtown building in Adrian Michigan for sale! This 1850's era building was rehabbed in 2017 while preserving the historic facade. The commercial spaces built out between 2017 & 2022. The building has 14-one bedroom apartments, 2-two bedroom & 1 three bedroom apartment and four commercial store fronts occupy the main level. The building is 100% leased. A recent appraisal supports the list price. All financial documents are available for review to qualified buyers.
Location
State MI
County Lenawee
Area Adrian (46025)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Garage Parking Lot
Waterfront No
Building
Foundation Slab
Water Public Water
Structure Type Brick
Others
Ownership LLC
SqFt Source Assessors Data
Assessment Amount $2,450
Energy Description Electric,Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Commercial Loan,Conventional
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