8175 Gratiot Road Saginaw, MI $ 1,900,000
8175 Gratiot Road
$ 1,900,000
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8175 Gratiot Road

Saginaw, MI, 48609
$ 1,900,000
Bedrooms-- Baths-- Sq 53,726

Monthly Estimate*

$ 11,854

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Commercial Property for sale in Saginaw, MI

for $1,900,000. This 53,726 square foot building was built in 1987 on a lot size of 6.93.

This impressive commercial retail property is an outstanding investment opportunity, featuring a total of 53,726 square feet with long-term tenants occupying the space. With 90% occupancy, this property has a proven track record of success, ensuring a stable source of income for potential investors. The property's recent updates, including a newer front parking lot and roof replacements, ensure that it is well-maintained. With its prime location and desirable features, this commercial retail property is a must-see for any serious investor looking to expand their portfolio. Recent rent increases have raised the cap rate.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 33,756

Style

CommercialSale

Lot Size

6.93

Year Built

1987

Town/City

Saginaw

County/Region

Saginaw

MLS | Web ID

61050108878

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Shingle
Construction Materials Other WoodSiding
Year Built 1987
Township Thomas Township
Tax Year 2022
County Saginaw
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Building Features OverheadDoors SeparateMeters Showroom Sidewalks
Status Active
City ThomasTownship_Saginaw
Disclosures FloodInsNotReqd
Senior Community Y/N N
High School District SwanValley
Zoning Description Commercial
MLS Area Area73061ThomasTwp
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 33756.71
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 610713
Ownership Type LLC
Legal Description W 126 FT OF E 957 FT OF N 350 FT OF N1/2 OF SE1/4 ALSO N 250 FT OF W 195 FT OF E 1152 FT OF N 1/2 OF SE 1/4 2.13 ACRES SEC 26 T12N R3E N 350 FT OF W 125 FT OF E 831 FT OF N 1/2 OF SE 1/4 1.0 ACRE S
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Exterior
Water Source Public
Spa N
Building Area Total 53726.0
Lot Dimensions irregular
Lot Size Acres 6.93
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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Internal Only
Street Number 1 8175
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* Excluded Features
List By
Seth Vendelboe

Listing Agent

Nexthome Greater Tri-Cities

Broker

(989) 737-4907

Phone

Affordability Calculator

$14,667
Per Month
81%
19%
0%
Monthly Principal & Interest
$11,854
Monthly Property Taxes
$2,813
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909390 Elementary School
4909556 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2024$1,900,000 -5.00% Price Down
5/3/2024$2,000,000 -11.11% Price Down
9/8/2023$2,250,000 -10.00% Price Down
5/15/2023$2,500,000 Listed Price

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8175 Gratiot Road, Saginaw, MI, 48609 is a Commercial Property for sale at $1,900,000 with 53,726 sqft and a lot size of 6.93. 8175 Gratiot Road was built in 1987. The property's zip code is 48609 which is in Saginaw, MI