Office Suite with Waiting
12127 N Saginaw St Mount Morris, MI 48458
12127 N Saginaw St, Mount Morris, MI, 48458
$95,000
For Sale
$95,000
Two offices (potential for three) and a waiting room with 22 parking spots on a corner lot.
Property Size660 SF
Price / SF$143.94
Days on Market15
Property Features for 12127 N Saginaw St
General Information
- Standard status
- Active
- Size
- 660 SF
Listing agency
Tremaine Real Estate
(810) 750-4663
Listed by
Andrea Christensen
(810) 750-4663
Source
Exprealty
Added: Jul 9 Updated: Jul 22 at 10:53AM Checked: Jul 22 at 10:53AM
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 Tremaine Real Estate
Investment Insights
Based on property information with market context.
This office suite includes two offices with potential for a third, along with a dedicated waiting room. The property is configured for professional use and features a large sign positioned on a busy roadway for visibility.
Set on a corner lot at 12127 N Saginaw St, Mount Morris, the offering includes 22 parking spots to support tenant and visitor access.
For buyers seeking a compact office setup with on-site parking and roadside signage, this property presents a straightforward layout centered on multiple office rooms and an entry waiting area.
Set on a corner lot at 12127 N Saginaw St, Mount Morris, the offering includes 22 parking spots to support tenant and visitor access.
For buyers seeking a compact office setup with on-site parking and roadside signage, this property presents a straightforward layout centered on multiple office rooms and an entry waiting area.
Key Highlights
- Two offices with potential for a third, plus a waiting room
- 22 parking spots for clients and visitors
- Corner lot location
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.2k | $17.04 |
| − Vacancy | −$1.6k | −$2.35 |
| EGI | $9.7k | $14.69 |
| − OpEx | −$2.4k | −$3.67 |
| NOI | $7.3k | $11.02 |
660 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$103.9K
$90.9K – $121.2K
NOI $7,271 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$138.9K
$121.5K – $162.0K
NOI $9,722 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two offices (potential for three) and a waiting room with 22 parking spots on a corner lot.
Where is this office units located?
The property is located at 12127 N Saginaw St Mount Morris, MI.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Two offices with potential for a third, plus a waiting room; 22 parking spots for clients and visitors; Corner lot location
