Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7021 N Saginaw St Flint, MI 48505

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $424,900

    Updated 12,000 sq ft commercial building with potential for multiple units.

    Lot size:
    0.44 Acres

    Property Features for 7021 N Saginaw St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.44 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Jonathan Crane
    Source: Elliman

    Listing Agency: Berkshire Hathaway HomeServices Michigan Real Est Listing Agent: Jonathan Crane

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

    Learn more

    Property Insight Report

    Overview

    Updated Commercial Building in Flint

    This is an updated commercial building with nearly 12,000 sq ft of space, located on N Saginaw St in Flint. The interior has undergone recent significant updates, including plumbing, electrical systems, new bathrooms, flooring, and a kitchen. The property has the potential to be divided into 4 units, or used as a single large space. Each of the units has been white boxed and is ready for new owners or tenants. The building has 3-phase power in each of the units. Seller financing is an option.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6945082
    Latitude
    43.0753773

    Nearby Similar for Sale

    • $879,000
      9,809 SF

      Fully Leased Office Building

      Pristine office building with six tenants, grossing $104,000 annually.
      5083-5085 Miller Rd, Flint, MI 48507
      View Details
    • New
      $146,000
      2,520 SF

      Commercial Building in Genesee Township

      Commercial building ideal for salon, office, or retail business.
      4344 Richfield Rd, Flint, MI 48506
      View Details
    • $539,850
      6,410 SF

      Flint Office/Warehouse Industrial Park

      Office/warehouse near expressways, airport, and railroad yard.
      5081 Exchange Dr, Flint, MI 48507
      View Details
    • New
      $700,000
      7,959 SF

      Established Barber College in Flint

      Turn-key barber college with training facilities in Flint, Michigan.
      3214 Flushing Rd, Flint, MI 48504
      View Details
    • $339,900
      2,703 SF

      Linden Road Office Building

      Brick office building on high-traffic Linden Rd with MTA bus route.
      1146 S Linden Rd, Flint, MI 48532
      View Details
    • $69,900
      1,260 SF

      Commercial Building on Richfield Road

      Two-unit commercial building with income potential in Flint, Michigan.
      5036 Richfield Rd, Flint, MI 48506
      View Details
    • $104,900
      1,218 SF

      Turnkey Restaurant Opportunity in Flint

      Fully equipped Chinese restaurant ready for immediate opening in Flint.
      2246 W Coldwater Rd, Flint, MI 48505
      View Details
    • New
      $1,990,000
      15,025 SF

      15,000 SF Office Building, Flint

      15,025 SF building on 2.5 acres near I-69 and I-75.
      1055 Charter Dr, Flint, MI 48532
      View Details
    • Contact for pricing
      3,354 SF

      Flint Commercial Building Opportunity

      Commercial building with potential for various uses on 1.63 acres.
      2408 W Carpenter Rd, Flint, MI 48505
      View Details
    • $299,900
      5,202 SF

      Turn-Key Event Center on 20 Acres

      20-acre property with event center, kitchen, bar, and pavilion.
      4323 W Carpenter Rd, Flint, MI 48504
      View Details
    • $95,000
      2,800 SF

      Versatile Commercial Building on Corner Lot

      Adaptable 2,800 SF commercial building with high visibility.
      2549 Corunna Rd, Flint, MI 48503
      View Details
    • $35,900
      2,100 SF

      Flint Commercial Building on Davison

      2,100 SF commercial building in high-visibility Flint location.
      3600 Davison Rd, Flint, MI 48506
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Updated 12,000 sq ft commercial building with potential for multiple units.
    Where is this mixed-use property located?
    The property is located at 7021 N Saginaw St Flint, MI.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: - Nearly 12,000 sq ft commercial building.; - Recent significant updates to plumbing, electrical, bathrooms, flooring, and kitchen.; - Potential for 4 units or single-user occupancy.
    (231) 350-8039
    Request Owner's contact information
    7021 N Saginaw St Flint, MI 48505
    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.
    7021 N Saginaw St
    Flint, MI 48505
    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
    7021 N Saginaw St Flint, MI 48505
    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

    We can help!
    Listing Contact
    Jonathan Crane
    Real Estate License ID: 6501400690
    (231) 350-8039 (231) 947-7777 (810) 629-0680
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!