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120 N Locust St 23,975 SF Health Care Building Offered at $140,000 in Adrian, MI 49221

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EXECUTIVE SUMMARY

This building was built in 1911 for Adrian's hospital. The first floor east wing was added in 1965. When the hospital moved to Riverside Avenue, the Charlotte Stephenson Home assisted living center was born. When they moved to Kimole Lane, CQC occupied the premises until the building became vacant. The seller hopes this property can be redeveloped into any number of uses such as: loft style apartment living to a cultural/arts facility when artists live/work to any number of non-profit uses that would compliment the city of Adrian and Lenawee County as a whole.
APPRAISAL ON FILE AT THE LISTING OFFICE
ALL AGENTS MUST HAVE THE RELEASE AND INDEMNIFICATION DOCUMENT SIGNED BY THEMSELVES AND THEIR CLIENTS AND SENT BACK TO THE LISTING OFFICE PRIOR TO GAINING ACCESS TO THE PREMISES.

PROPERTY FACTS

Price $140,000
Price Per Bed $140,000
Sale Type Investment or Owner User
Property Type
Health Care
  • Healthcare Assisted Living
Building Class C
Lot Size 1.36 AC
Construction Status Under Renovation
Building Size 23,975 SF
No. Beds 1
No. Stories 4
Year Built 1911
Zoning RESIDENTIAL - Investor could apply for a zoning exception permit or an adoptive reuse for the building. Currently zoned residential

AMENITIES

  • Wheelchair Accessible

ROOM MIX INFORMATION

DESCRIPTION NO. BEDS
- 0
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
XA0-515-0033-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$66,700
  • Listing ID: 38693608

  • Date on Market: 12/8/2025

  • Last Updated:

  • Address: 120 N Locust St, Adrian, MI 49221

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