1329 Main StAdrian, MI 49221

  • Other commercial real estate
  • 6,354 SF
For Sale
$1,650,000 View listing

Property Details for 1329 Main St

Lot size
1.43 AC
Property size (Sq ft)
6,354 SF
Zone code
B-4
Property type
Other commercial real estate
APN
XA0-100-0357-10
APU
XA0100035710

Description

This exceptional Class A, single-tenant, net-lease investment property presents a compelling opportunity. Located at 1329 S Main St, Adrian, MI 49221, this 6,683 square foot restaurant, built in 2017, sits on a 1.4-acre lot and is currently 100% occupied by Aubree's Pizzeria & Grill, one of their eight Michigan locations. The property boasts a strong 5-year remaining lease term, offering predictable cash flow and high returns. The asking price is $1,650,000, translating to $246.90 per square foot. Situated on an outlot of Adrian Mall, this strategically positioned property benefits from high visibility and proximity to other national retailers such as Hampton Inn & Suites, Meijer, and Lowe's Home Improvement. The B-4 zoning ensures flexibility and future potential. This is a turnkey investment opportunity in a thriving area surrounded by established residential neighborhoods. The property features one single-story building and the APN is XA0-100-0357-10. This is a rare chance to acquire a stable, high-performing NNN investment property with significant long-term growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,245,030
    Hospitality
    $1,140,441
    Educational
    $948,834
    Medical
    $981,466
    Retail
    $1,475,964
1329 Main St, Adrian, Michigan

Location Insight

City
Adrian
County
Lenawee
State
Michigan
Latitude
41.8791
Longitude
-84.0423
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
$36,126
-
-
$669,300
-
-
-
$1,338,600

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