120 N Locust St - Health Care FOR SALE


Adrian, MI 49221
$140,000 USD
517-265-6000
120 N Locust St, Adrian, MI for Sale
$140,000 USD
Health Care - FOR SALE
1/4
null | Request Cap Rate

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120 N Locust St
Adrian, MI 49221


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$140,000 USD

PRICE/SF

$6 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Assisted Living

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,169 SF

ZONING

RESIDENTIAL

APN/PARCEL ID

XA0-515-0033-00

ASK ABOUT THIS PROPERTY

Joseph WagleyThe Wagley Group Real Estate AdvisorsMore Info
517-265-6000

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Joseph WagleyThe Wagley Group Real Estate AdvisorsMore Info
517-265-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.