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For Sale

Oakwater Condominiums

Eunice Circle,
Adrian, MI 49221

Asset Snapshot

36.02 Acres
Land Area

Offering Summary

Investment Overview

Oakwater is an established 100-unit condominium development organized around Eunice Circle and the central pond. Eight duplex buildings have been completed, leaving 42 duplex buildings representing 84 remaining residential units. Existing access from Baldwin Highway, completed stormwater detention and portions of the internal infrastructure provide a foundation for phased completion of the community.


Investment Highlights

  • 84 remaining residential units across 42 duplex buildings
  • Partially developed condominium community with existing completed product
  • Six units reported immediately ready for permitting and vertical construction
  • Existing roadway, utility, and stormwater infrastructure in place throught portions of the development
  • Standardized two- and three-bedroom duplex plans
  • About 36-acre recorded development
  • Opportunity to complete the project in phases
  • Existing Oakwater sales support projected finished-unit pricing in the low-to-mid $300,000 range

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$1,750,000
Asking Price

Investment Sales Broker

Tony Fayne
Colliers Birmingham (MI) - Jonna Group

Market Insights