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220 N Main St 6,018 SF 20% Leased Office Building Adrian, MI 49221 $359,000 ($59.65/SF)
INVESTMENT HIGHLIGHTS
- Foot traffic downtown Adrian
EXECUTIVE SUMMARY
Great location in downtown Adrian, Michigan perfect for an owner operator with space for your business in the front and income in the back. Also a great location for an investor that just is looking to invest in commercial real estate. Plenty of parking with over 40 spaces which is rare in downtown Adrian. Many upgrades including new rooftop unit, recently coated roof with 40 warranty included, steel siding, and much more. Call today for your private showing.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$24,000
|
$3.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,000
|
$3.99
|
| Taxes |
$6,455
|
$1.07
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,455
|
$1.07
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $3.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $3.99 |
| Taxes | |
|---|---|
| Annual | $6,455 |
| Annual Per SF | $1.07 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,455 |
| Annual Per SF | $1.07 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,018 SF
Building Class
B
Year Built
1950
Price
$359,000
Price Per SF
$59.65
Percent Leased
20%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,018 SF
Building FAR
0.33
Lot Size
0.42 AC
Zoning
B-3 - Business Commercial
Parking
40 Spaces (6.65 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Catherine Cobb Safe House
- Health Care and Social Assistance
- -
- -
- -
- Family Counseling & Children's Services
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Catherine Cobb Safe House | Health Care and Social Assistance | - | - | - | ||
| Family Counseling & Children's Services | Health Care and Social Assistance | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,400 SF | Flex | - | Now |
1st Floor
| Size |
| 2,400 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,400 SF |
| Space Use | Flex |
| Condition | - |
| Available | Now |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $121,800 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | $6,455 ($1.07/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$121,800 (2025)
Annual Taxes
$6,455 ($1.07/SF)
Tax Year
2023
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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220 N Main St
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