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*

^$ 11,699

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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.

Commercial Active

Price

^$ 1,900,000

Property Type

Commercial

Taxes

^$ 33,756

Style

Commercial/Industrial

Lot Size

6.93

Year Built

1987

Town/City

Saginaw

County/Region

Saginaw

MLS | Web ID

50108878

Features

General

Heating Forced Air

Cooling Central A/C

Roof Shingles

Water Public Water

Status Active Active

Year Built 1987

County Saginaw

Township Thomas Township

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership LLC

Municipality Thomas Twp

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Flood Insurance Not Required

Commercial Features Overhead Doors Separate Meters Showroom Sidewalks

Area Thomas Twp (73025)

Primary City Saginaw

City Saginaw

Financial Terms Cash Commercial Loan Conventional

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 SE

DOM 983

Postal Code 48609

Price Per Sq Ft Total AG 35.36

Public Remarks 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

Exterior

Exterior Other Wood

Frontage 445

Lot Size Area 6.93

Lot Dimensions irregular

Waterfront Y/N No

* Excluded Features

List By

Seth Vendelboe

Listing Agent

Nexthome Greater Tri-Cities

Broker

seth.vendelboe@charter.net

Affordability Calculator

$14,512

Per Month

Monthly Principal & Interest: $11,699
Monthly Property Taxes: $2,813
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Commerical listings in Saginaw, MI

Average List Price ^$325,859

Percent of Sale Price 83%

About Saginaw, MI

47,234 Population

-24% Since 2002

^$29,308 Median Income

35.05 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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8175 Gratiot Road

Commercial Property for sale in Saginaw, MI

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