$410,000
$525,000
21.9%For more information regarding the value of a property, please contact us for a free consultation.
1542 West Maple Avenue Adrian, MI 49221
5,800 SqFt
Key Details
Sold Price $410,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $70
Subdivision Mi
MLS Listing ID 50157569
Sold Date 04/15/26
Year Built 1992
Annual Tax Amount $13,185
Lot Size 0.540 Acres
Acres 0.54
Lot Dimensions 108x231
Property Sub-Type Commercial/Industrial
Property Description
THIS PROPERTY MIGHT BE SUBJECT TO A 1031 TAX DEFERRED EXCHANGE. Attractive West Adrian professional office has two levels. Upper level was used for an Obstetrics and Gynecological medical practice. Lower level is currently occupied by an orthopedic massage business. Seller plans to extend this lease for 1 year from the date of closing forward. The first level can be occupied immediately. Current rent on the lower level is $1,050.00 per month. This building is very well maintained and shows pride of ownership. Inventory and improvement list is available upon request. Well & Sewer.
Location
State MI
County Lenawee
Area Adrian (46025)
Zoning Commercial
Interior
Heating Forced Air, Hot Water, Zoned Heating
Cooling Ceiling Fan(s), Central A/C, Dual/Zoned, Exhaust Fan, HVAC
Exterior
Parking Features 21+ Spaces, Parking Lot
Roof Type Asphalt,Shingles
Building
Lot Description Below Grade
Foundation Basement
Water Private Well
Structure Type Aluminum Trim,Brick,Brick Front,Frame,Vinyl Siding,Wood
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with The Wagley Group