770 Riverside Ave - Medical FOR SALE


Adrian, MI 49221
$1,350,000 USD
734-662-3778
770 Riverside Ave, Adrian, MI for Sale
$1,350,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

770 Riverside Ave
Adrian, MI 49221


HIGHLIGHTS

  • Clean, well maintained two story medical office building
  • Fully finished basement with elevator access
  • Current tenants include Promedica and the Veterans Administration, among others
  • Historically high occupancy with multiple tenants with over 10 years in building
  • Rent roll and profoma available upon request

OVERVIEW

Presenting a prime investment opportunity. This expansive medical/dental/professional office property spans 18,040 square feet with an additional 6,071 square feet of usable basement space, all nestled on a sizable 1.32-acre site. The office-specific zoning solidifies this property as an exclusive professional enclave. With over 100 parking spaces, the building offers ample accommodation for a high volume of clients and personnel. The property prides itself on its pristine condition and functional design, boasting a two-story building optimized for medical and dental use, with an accessible and fully finished basement complete with elevator service. Tenants such as Promedica and the Veterans Administration contribute to the building's historically robust occupancy rates, with many tenants establishing their practices here for over ten years. This not only underlines the property's enduring appeal but also indicates a strong foundation for continued financial health and tenant stability. Highlights of this premier investment include: • Dedicated medical & dental office building with a history of high occupancy • Comprehensive two-story facility w/ accessible basement • Over 100 parking spaces • Established tenants with long-term occupancy • Detailed financials available to qualified buyers For more information or to arrange a property tour, please reach out to our commercial real estate experts. Rent roll upon request.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Professional Building for Sale in Adrian

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

OS-1: District

APN/PARCEL ID

XA0-100-0106-01

ASK ABOUT THIS PROPERTY

Bart WiseSwisher CommercialMore Info
734-662-3778

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Bart WiseSwisher CommercialMore Info
734-662-3778

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