1329 Main StAdrian, MI 49221
- Other commercial real estate
- 6,354 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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