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$250,000 Just Listed
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Property Description
Step into opportunity with this one of a kind commercial property in the heart of downtown Adrian's vibrant DARA district. . The property features a rare and valuable asset to downtown, its own private parking lot with 8 spaces. Inside the main floor was completely re imagined in 2023 with a distinctive black metal ceiling. Tthe space has been fully gutted and rebuilt with a new electrical paneling wiring, updated duct work, spray foam insulated exterior walls and new flooring throughout the main level and stairways. New air conditioning main level in 2023. the upper level was remodeled in 2017 previously use as an apartment with previous infastructure still in place, convert back into apartment for additional income. Updates include all new electrical, new furnace, updated duct work, air conditioning lower level furnace 2017, new exterior doors water heater. This property offers the perfect blend of historic charm, modern systems, income potential making this a great opportunity.
Full Property Details
Full Property Details for 146 Toledo St
General
- Price: $250,000
- Taxes: $6,075
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 26010893
- Updated: 3/20/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Professional/Office
Interior
- Interior Features: Broadband
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Location
- County: Lenawee
- Cross Streets: Broad and Main
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Cable Available: Yes
- Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 1,976
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,394
- Lot Dimensions: 66 x 185
- Frontage: Paved
Financial Considerations
- Tax Amount: $6,075.58
- Terms: Conventional, Cash
Disclosures and Reports
- Ownership: Proprietorship
- Legal Description: LOT 119 EX 62.8 FT ORIGINAL PLAT
- Property ID: XA0-000-0123-01
Listed by Xsell Realty, Jameson Reed
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Schools
Schools serving 146 Toledo St
School District:Adrian City School District
| Name | Grades | Distance |
|---|---|---|
Prairie Elementary School, Adrian, MI 2568 Airport Road, Adrian, MI 49221 | PK-6 | 2.2 mi |
Springbrook Middle School 615 Springbrook Avenue, Adrian, MI 49221 | 6-8 | 0.7 mi |
Adrian High School 785 Riverside Avenue, Adrian, MI 49221 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 146 Toledo St
Date
Details
Price
Change
Source
3/20/2026
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 146 Toledo St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,127
69%
$87,800
-4%
2023
$3,617
100%
$91,200
42%
2022
100%
$64,000
1%
2022
-100%
$63,200
3%
2020
$2,944
2%
$61,600
9%
2020
$2,898
—
$56,300
2%
2019
$2,898
4%
$55,400
3%
2018
$2,794
3%
$53,600
2%
2017
$2,715
1%
$52,700
22%
2016
$2,692
4%
$43,300
3%
2015
$2,595
1%
$42,000
-2%
2014
$2,574
2%
$42,700
—
2013
$2,519
—
$42,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 146 Toledo St
146 Toledo Street, Adrian, MI 49221 (MLS# 26010893) is a Business property. 146 Toledo Street is currently listed for $250,000 and was received on March 20, 2026. Want to learn more about 146 Toledo Street? Do you have questions about finding other Business real estate for sale in Adrian? You can browse all Adrian real estate or contact a Coldwell Banker agent to request more information.

