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3180 N Adrian Hwy (m-52), ADRIAN, MI – $250,000

  • $250k Price
  • 1,640 Sqft
  • 2.3 Acres
  • $250k Price
  • 1,640 Sqft
  • 2.3 Acres

3180 N Adrian Hwy (m-52)

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
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