3180 N Adrian Hwy (m-52), Adrian

$275,900

0 Beds
0 Baths
1,640 Sqft
2.3 Acres
0 Garages

Great investment property located across from MGR Theater on busy N. Adrian Hwy, (M52) in Adrian MI. Located approximately one mile from new ProMedica Regional Hospital site. 20 unit mobile home park, 18 units are owned by park (2 of which are in poor condition and not habitable) and 2 homes are tenant owned. Park is licensed for 25 units. Office and apartment are not currently part of the income stream.(vacant). Office building is approximately 75% vacant and could potentially be converted into an office or apartment. Existing apartment is occupied by onsite general maintenance person who receives complimentary rent in exchange for services. Cap rate is little more than 18%.

Essential Information
MLS® #31377664
Price$275,900
Square Footage1,640
Acres2.30
Year Built1957
TypeCommercial
Sub-TypeCommercial/Industrial
StatusActive
Source MLSMiRealSource
Originating MLSMonroe
Community Information
Address3180 N Adrian Hwy (m-52)
AreaAdrian
CityAdrian
CountyLenawee
StateMichigan
Zip Code49221
Listing Details
OfficeHoward Hanna-Monroe
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Linda Rudd & Associates, Inc.MiRealSource Logo

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Listing information last updated on May 24th, 2019 at 3:27pm EDT.

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