1219 Church StAdrian, MI 49221

  • Commercial real estate
  • 13,596 SF
For Sale
$124,900 View listing

Property Details for 1219 Church St

Lot size
0.27 AC
Property size (Sq ft)
13,596 SF
Zone code
I-1
Property type
Commercial real estate
APN
XA0-345-0030-00
APU
XA0345003000

Description

This exceptional value-add opportunity presents a 13,125-square-foot industrial building situated on a 0.5-acre lot in Adrian, Michigan. Located at 1219 E Church St, 49221, this property is zoned INDUSTRIAL and offers significant potential for investors seeking to enhance and reposition a vacant asset. The building, classified as Class C, features a single unit across two stories, and includes one dock-high door. The asking price is $124,900, translating to a price per square foot of $9.52. The property is currently vacant, presenting a blank canvas for immediate improvements and tenant acquisition. The building boasts 3-phase power, a significant advantage for many industrial tenants. Further enhancing its appeal, an adjacent vacant lot across Church Street provides ample parking opportunities. This fee-simple ownership offers complete control and flexibility. The property's APN is XA0-345-0032-01. This is a rare chance to acquire a substantial industrial property in a desirable location with the potential for strong returns. The property's vacant status allows for immediate customization to meet specific tenant needs or to implement value-enhancing renovations. The combination of size, location, and potential makes this a compelling investment prospect.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,664,060
    Hospitality
    $2,440,264
    Educational
    $2,030,271
    Medical
    $2,100,095
    Retail
    $3,158,200

Location Insight

City
Adrian
County
Lenawee
State
Michigan
Latitude
41.8964
Longitude
-84.019
CBSA code
10300
CBSA name
ADRIAN, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,086
-
-
$87,500
-
-
-
$175,000

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