$600,000
$350K PRICE DROP

427 N Steer St Addison, MI 49220

Estimated payment $3,764/month

Total Views 87
-- Bed
-- Bath
14,035 Sq Ft
$43 Price per Sq Ft

About This Home

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. The hospital has a 500 kilowatt transformer with 3 Phase power and 208 volts. Updates also include 4 new furnaces in 2023 (never turned on yet), new gas piping throughout. 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.

Listing Agent

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 03/18/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

Year Built

  • Built in 1950 | Remodeled in 2019

Lot Details

  • 7.2 Acre Lot
  • Home fronts a pond
  • 875 Feet of Waterfront
  • Zoning described as Commercial

Home Design

  • 14,035 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Listing and Financial Details

  • Assessor Parcel Number WD1131447500. WD1131442500

Property Details

Property Type

Other

Est. Annual Taxes

$6,991

Year Built

Built in 1950 | Remodeled in 2019

Lot Details

7.2 Acres

Listing Details

  • Property Type: CommercialSale
  • Year Built: 1950
  • Current Use: Commercial
  • State Equalized Value: 185000.00
  • Year Renovated: 2019
  • Property Sub Type: RealEstateOnly
  • Water Body Name: Addison Mill Pond
  • Co List Office Mls Id: 293953
  • Above Grade Finished Sq Ft: 14035.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: No

Exterior Features

  • Waterfront: Yes
  • Foundation Details: Slab
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Water Frontage Feet: 875.00

Utilities

  • Heating: ForcedAir
  • Sewer: PublicSewer
  • Water Source: Public
  • Electric: Power3Phase

Fee Information

  • Operating Expense: 99999.00

Schools

  • Junior High Dist: Addison

Lot Info

  • Lot Size Area: 7.20
  • Lot Dimensions: IRREGULAR
  • Parcel Number: WD1131447500. WD1131442500
  • Zoning Description: Commercial

Rental Info

  • Percent Leased: 13
  • Monthly Rental Income: 2000.00

Tax Info

  • Tax Amount Summer: 1516.77
  • Tax Amount Winter: 5474.00
  • Tax Annual Amount: 6990.77

Multi Family

  • Waterfront Features: Pond, Waterfront
  • Gross Scheduled Income: 99999.00

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $0 $4,100 $0 $0
2021 $0 $30,400 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $39,457 $0 $0
2017 $0 $39,704 $0 $0
2016 $0 $39,113 $0 $0
2014 -- $56,954 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2026 04/23/26 Price Changed $600,000 -25.0% $43 / Sq Ft
01/18/2025 01/18/25 Price Changed $800,000 -15.8% $57 / Sq Ft
03/20/2024 03/20/24 For Sale $950,000 -- $68 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20230079377

Realcomp

APN: WD1-131-4475-00

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