Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Saginaw Office Investment Opportunity Title is generated by Realmo AI

    1040 N Towerline Rd, Saginaw, MI 48601

    View on Map
    Claim this Listing
    For Sale
    $1,077,720

    Single tenant net lease office building in Saginaw, Michigan.

    Type:Retail
    Property size:
    14,519 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $74/SF
    Added:
    Mar 30, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 3 at 6:25 am

    Property Features for 1040 N Towerline Rd

    General Information

    Standard status
    Active
    Size
    14,519 SF
    Lot size
    3.00 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Deno Bistolarides

    Listing agent Deno Bistolarides License #MI 6502378067

    Listing office Encore Real Estate Investment Services

    Listing date Mar 30, 2026

    Source Cpix.resimplifi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services

    HighLights

    • Single tenant net lease investment with long‑term tenant (SCCMHA) in place for over 24 years.
    • Double "NN" net lease structure provides passive income.
    • Recent interior and exterior renovations including landscaping and parking lot maintenance.
    • Strong tenant financial standing, with an annual budget of approximately $141+ Million Dollars for Fiscal Year 2026.
    • Strategic location with easy access to I‑75 and a substantial five‑mile population exceeding 51,000.
    • Well‑established governmental agency (SCCMHA) tenant serving Saginaw County.

    Overview

    This single tenant net lease office investment property features 14,519 square feet situated on 3.00 acres. The tenant has occupied the property for over 24 years and recently renewed their lease. The Saginaw County Community Mental Health Authority (SCCMHA) is a local, independent, governmental agency serving Saginaw County. SCCMHA employs over 350 staff, contracts with over 200 different organizations, and has been a mental health authority under contract with the Michigan Department of Community Health since October 1, 1997. The property benefits from a double "NN" net lease structure. Recent interior and exterior renovations have been completed, including landscaping, parking lot sealing and striping, and an alarm system. The location provides easy access to I-75, with a five-mile population exceeding 51,000. The annual budget for SCCMHA for fiscal year 2026 is approximately $141+ million dollars. SCCMHA operates both provided services directly and contracts with a large and diverse number of service providers to ensure a comprehensive service array required by state and regional contracts to meet the needs of residents in the greater Saginaw County community.
    Location Intelligence

    Current Use by Public Records

    Transportations Services Freight Service Crisis Intervention Services Crisis Center Dr. G R. ... Physician Lynn C. White, ... Physician

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Pharmacy Hotel & Motel Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.877234
    Latitude
    43.423395

    Nearby Similar for Sale

    • $650,000
      5,160 SF

      Turnkey Restaurant and Sports Bar

      Turnkey restaurant with a full commercial kitchen, bar equipment, and outdoor patio for immediate dining operations.
      5530 Gratiot Road, Saginaw, MI 48638
      View Details
    • $150,000
      4,679 SF

      Historic Commercial Building on Full Block

      Historic commercial building with modern upgrades and flexible mixed-use potential.
      827 N Michigan Avenue, Saginaw, MI 48602
      View Details
    • $299,000
      5,896 SF

      Multi-Office Commercial Building

      Well-maintained office building with multiple workspaces, meeting rooms, restrooms, and employee kitchen, plus garage and storage.
      3167 Enterprise Drive, Saginaw, MI 48603
      View Details
    • $799,500
      10,000 SF

      Saginaw Event Center For Sale

      Two-level event center known for concerts and live music.
      110 Florence, Saginaw, MI 48602
      View Details
    • $209,000
      2,748 SF

      Medical Office Suite with Exam Rooms

      Well-maintained medical suite features multiple exam rooms, patient waiting, and support space for an active practice.
      5605 N Colony Drive, Saginaw, MI 48638
      View Details
    • $525,000
      1,718 SF

      Gas and Service Station Package

      Five parcels including gas station, bar, and truck rental.
      1419 Davenport, Saginaw, MI 48602
      View Details
    • $324,999
      6,809 SF

      Versatile Commercial Property Near Downtown

      Multi-use commercial property with bonus lot near downtown Saginaw.
      1209 Wadsworth Road, Saginaw, MI 48607
      View Details
    • $80,000
      14,986 SF

      Historic Saginaw Church Building

      Landmark church with redevelopment potential in Saginaw, Michigan.
      612 N Michigan, Saginaw, MI 48602
      View Details
    • $459,900
      5,207 SF

      Three-Suite Office Building

      Three-suite office building with plentiful parking, ADA accessibility, and basement space in every unit.
      3150 Hallmark Court, Saginaw, MI 48603
      View Details
    • $575,000
      1,776 SF

      All-Brick Office Building with Ramp

      Well-maintained all-brick office building with multiple offices and accessible front entrance for client-facing operations.
      3741 Tittabawassee Road, Saginaw, MI 48604
      View Details
    • $649,999
      9,920 SF

      Multi-Storefront Property on Bay Road

      Established commercial property with high visibility and income potential.
      Saginaw, MI 48603
      View Details
    • $274,900
      8,146 SF

      Saginaw Commercial Property For Sale

      Versatile commercial property with modern upgrades and ample parking.
      1115 E GENESEE Avenue, Saginaw, MI 48607
      View Details

    FAQs

    What type of property is this?
    Office building - Single tenant net lease office building in Saginaw, Michigan.
    Where is this office building located?
    The property is located at 1040 N Towerline Rd Saginaw, MI.
    What is the asking price?
    The asking price for this property is $1,077,720.
    What are key features of this property?
    This property features: Single tenant net lease investment with long‑term tenant (SCCMHA) in place for over 24 years.; Double "NN" net lease structure provides passive income.; Recent interior and exterior renovations including landscaping and parking lot maintenance.
    (248) 702-0288
    We can help!
    Listing Contact
    Deno Bistolarides
    Real Estate License ID: MI 6502378067
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1040 N Towerline Rd, Saginaw, MI, 48601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!