427 N STEER Street $950,000

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    427 N STEER Street Addison, MI 49220

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    $950,000

    Market Estimate
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    • 12,235 sq. ft.
    • 7.20 Acres
    • Commercial Lease
    • MLS# 60294724
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    Views: 43 Days On Site: 250

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    Property Details

    Attention All Developers! Beautiful 7.20 acre property with approximately 875' of Frontage on the tranquil Addison Mill Pond. This property also included the former Addison Bariatric Hospital of 12,235 sq ft and another 1,800 sq ft building that is currently leased for $2,000.00 per month. The hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts. This property could also be developed for multi-family, senior housing, self-storage and many other uses. All information is estimated and should be verified.

    • General Features
      • Acreage 7.2
      • Area Municipality Addison (46023)
      • Body of Water Addison Mill Pond
      • County Lenawee
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 12235
      • Waterfront Y/N Yes
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Slab
      • Heating System Forced Air
    • Property Features
      • Water Public Water
      • Water Features Waterfront
      • Lot Size IRREGULAR
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    49220 (Addison) Demographics

    40 Median Age
    88 Population Density (per sq. mile)
    32% College Educated
    $50,994 Estimated Median Income
    844 Estimated Total Home Owners
    191 Estimated Total Renters
    82% / 18% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,513 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $300,000 Median Sales Price
    1 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $950,000
        3/18/2024 7:37:00 PM New in Database Source: Multiple Listing Service New Value: $950,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.