1310 Maumee StAdrian, MI 49221

Property Details for 1310 Maumee St

Lot size

0.28 AC

Property size (Sq ft)

5,752 SF

Zone code

I-2

Property type

Commercial real estate

APN

XA0-345-0004-02

APU

XA0345000402

Description

This 5,752 square foot industrial building presents a unique investment opportunity in Adrian, Michigan's Eastside Marihuana Overlay District. Located at 1310 E Maumee, this property sits on a 0.27-acre lot and is offered at $199,000. The building is currently undergoing some updates to its HVAC and electrical systems, although these are incomplete. A prospective buyer should independently verify the extent of these improvements. It's crucial for any interested party to confirm the availability of necessary licenses and permits for their intended use with both the City of Adrian and the State of Michigan. This is a significant consideration given the property's location within the Marihuana Overlay District. The building's size and location offer considerable potential for a variety of industrial uses, subject to obtaining the appropriate approvals. The 0.27-acre lot provides ample space for potential expansion or outdoor storage, depending on zoning regulations and permitted uses. This property is being sold as-is, and a thorough inspection is strongly recommended before purchase. The sale price reflects the current state of the building and the need for potential further investment to complete the ongoing updates and secure necessary licenses.

• Alternative Use

  Use

  Valuation

  Residential

  $1,127,072

  Hospitality

  $1,032,392

  Educational

  $858,938

  Medical

  $888,478

  Retail

  $1,336,126

Location Insight

City

Adrian

County

Lenawee

State

Michigan

Latitude

41.8967

Longitude

-84.0184

CBSA code

10300

CBSA name

ADRIAN, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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