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29826979
29826980

770 Riverside Ave, Adrian, MI 49221 For Sale

BW
MI 6502101921
Swisher Commercial
Listed by Swisher Commercial
$1,350,000
149 days on market
Updated 11 days ago

Investment Medical / Professional Building -770 Riverside

Details
APN XAO-100-0106-01
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 18,040
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $75
Class B
Buildings 1
Stories 2
Zoning OS-1 (Office Service)

Investment Medical Office Building | 18,040 SqFt

Marketing description

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.

Investment highlights

  • Clean, well maintained two story, multi-tenant medical office building
  • Fully finished additional 6,071 SF usable 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
  • Ample on-site parking
  • Adjacent to former ProMedica Bixby Hospital
  • Established healthcare corridor location
  • Rent roll and proforma available upon request

Listing Contacts

BW
MI 6502101921
Swisher Commercial
Listed by Swisher Commercial

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