Former Pharm Building

Expired Retail-Commercial for Sale
Catylist Listing ID: 29934892
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 28,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.70 Acres
Sale Price: $400,000
Unit Price: $14.04 PSF
Ceiling: 13 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 8/31/2017
Last Updated: 8/31/2017

Overview / Comments

28,500 +/- sq. ft. building for sale or possible lease. Building is vacant and the heat and sprinkling system remain on. Plenty of parking and adjacent to city parking lot if additional parking is necessary. Excellent location for a grocery store. Please call with any questions.

Attachments & Media


Finance Data Year 2016
Real Estate Taxes - Annual($) $25,297 (Annual)
Assessed Value - Total($) $415,400 (Annual)

Additional Details

Nearest MSA: Adrian
County: Lenawee
Tax ID/APN: XA0-000-0107-00
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: N. Main St. and N. Broad St.
Property Visibility: Good
Largest Nearby Street: North Main Street (M52)
Feet of Frontage: 305
Highway Access: Approximately 3 miles for West US-223
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 28,500 SF
Property Condition: Good
Year Built: 1956
Year Renovated: 2001
Roof Type: Flat
Construction/Siding: Concrete, Steel Frame
Total Parking Spaces: 45
Parking Type: Surface
Sprinklers: Wet
Heat Type: Hot Water
Heat Source: Radiant
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Dialup
Zoning Description: Central Business District
Lot Frontage: 305
Lot Depth: 240
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: LOT 100 EX S 69.5 FT AND LOT 101 EX S 69.5 FT OF 2 1/2 & EX S 21 FT OF E 1/2 AND LOT 102 EX S 21 FT AND LOT 103 & W 47.5 FT LOT 104 ORIGINAL PLAT. ALSO THE W 24 FT OF LOT 107 ORIGINAL PLAT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,097 28,796 40,189
Median Age: 34.14 35.85 37.52
Households: 3,801 9,904 14,211


Photograph of Listing Agent

Gilbert M Henry

Gil Henry & Associates CPIX Member
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