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770 Riverside Ave
Adrian, MI 49221
Professional Building for Sale in Adrian · Office Property For Sale
Investment Highlights
- Clean, well maintained two story medical office building
- Current tenants include Promedica and the Veterans Administration, among others
- Rent roll and profoma available upon request
- Fully finished basement with elevator access
- Historically high occupancy with multiple tenants with over 10 years in building
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,040 SF
Building Class
B
Year Built
1971
Price
$1,841,724 CAD
Price Per SF
$102.09 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,020 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
1.32 AC
Zoning
OS-1: District - Designed to accommodate various types of office uses performing administrative, professional and personal service.
Parking
60 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | XA0-100-0106-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $959,140 CAD |
Property Taxes
Parcel Number
XA0-100-0106-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$959,140 CAD
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