113 Maumee StAdrian, MI 49221

Property Details for 113 Maumee St

Lot size

0.07 AC

Zone code

B-3

Property type

Commercial real estate

APN

XA0-100-0167-00

APU

XA0100016700

Description

This exceptional 16,582 square foot industrial property in Adrian, Michigan, presents a lucrative investment opportunity. Situated on a 0.07-acre lot at 113 E Maumee, this versatile space seamlessly blends commercial uses. The property currently features a fully operational restaurant and bar, creating a vibrant atmosphere ideal for community gatherings and private events. The expansive bar/banquet area offers ample seating, perfect for hosting happy hours and larger functions. In addition to the established food and beverage operation, the property includes multiple office and retail spaces, providing flexibility for a variety of businesses. This mixed-use configuration allows for diverse income streams, making it an attractive option for both investors seeking high yield returns and business owners looking for a turnkey operation in a desirable location. The property's established infrastructure and prime location in Adrian offer immediate potential for growth and profitability. The existing restaurant and bar are fully equipped and ready for continued operation, while the office and retail spaces provide ample opportunity for expansion or lease to additional tenants. This is a rare opportunity to acquire a well-established, multi-faceted commercial property in a thriving Michigan market. The asking price is $1,300,000.

• Alternative Use

  Use

  Valuation

  Residential

  $597,434

  Hospitality

  $547,247

  Educational

  $455,303

  Medical

  $470,961

  Retail

  $708,249

Location Insight

City

Adrian

County

Lenawee

State

Michigan

Latitude

41.899

Longitude

-84.0359

CBSA code

10300

CBSA name

ADRIAN, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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