256 W Maumee St, Adrian, MI, 49221

256 W Maumee St Adrian, MI 49221

256 W Maumee St, Adrian, MI, 49221
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FOR SALE
Property Type:
Restaurant
Amount:
$149,000
Last Verified:
Mar 29, 2024


Description

Welcome to a piece of Adrian's rich history. This magnificent 3-story building, constructed in 1840, stands proudly at 256 W Maumee, offering a glimpse into the past and an exciting opportunity for its next chapter. Steeped in history, this property has witnessed a fascinating evolution over the years.

Originally conceived as a bustling beer garden in the mid-19th century, this structure transitioned into the Mineral Spring Hotel, providing respite and comfort to travelers until 1903. In 1903, the building changed hands and served as the headquarters for the Citizen's Light and Power Company, contributing to the growth and development of Adrian until 1941. Most recently, this property was home to The West Maumee Trading Company, adding yet another layer to its diverse history.

A Prime Location in the DARA Downtown Social District
Situated along the picturesque River Raisin and nestled within the limits of the historic downtown Adrian, this property enjoys all the advantages of the DARA Downtown Social District. It's where history and modernity seamlessly coexist.

A Grand Total of 5,690 Sq Ft
Spanning an impressive 5,690 square feet across three stories, this building offers ample space for a variety of redevelopment possibilities.

.24 Acres of Riverfront Land
Adding to its allure, the property boasts .24 acres of riverfront land, allowing for breathtaking views and potential outdoor amenities.

Ready for Its Next Chapter
Now, the stage is set for the next exciting chapter in the story of 256 W Maumee. With its storied past and prime location, this historic building is ripe for redevelopment. Whether it becomes a boutique hotel, a charming restaurant, or a unique cultural space, the possibilities are as limitless as your imagination.

Be a Part of Adrian's Rich Heritage
Don't miss the chance to own a piece of Adrian's heritage and make your mark in this vibrant community.

A Prime Location in the DARA Downtown Social District
Situated along the picturesque River Raisin and nestled within the limits of the historic downtown Adrian, this property enjoys all the advantages of the DARA Downtown Social District. It's where history and modernity seamlessly coexist.


Year Built: 1840
Building Size: 5690sq ft
Lot Size: 0.24 acres

Map of 256 W Maumee St, Adrian, MI, 49221

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.