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

    548 Shattuck Rd Saginaw, MI 48604

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $724,900

    Extensively renovated apartment building with additional commercial space.

    Lot size:
    1.47 Acres

    Property Features for 548 Shattuck Rd

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    1.47 Acres

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Paul Burback
    Source: Elliman

    Listing Agency: The Miller Group Listing Agent: Paul Burback

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

    Learn more

    Overview

    Renovated Carrollton Investment Opportunity

    This property presents an investment opportunity in Carrollton, featuring extensive renovations including new metal siding and windows. The apartment building includes five 2-bedroom apartments, one ADA-compliant 3-bedroom apartment, and two 1-bedroom apartments. Six of the units are currently rented at market rate, and all are described as spacious. The building comprises a total of 8 residential units, along with an additional 3,000+ square feet zoned B-2, suitable for office space or various business opportunities such as a hair salon, restaurant, cafe, medical office, law office, insurance agency, boutique, or coffee shop. A common area is equipped with a coin-operated washing machine and dryer. The property also features a large parking and storage area. Additional rental income may be generated from the warehouse, which currently houses one tenant and offers 8000 +/- square feet of storage space that could accommodate various business types.
    Location Intelligence

    Current Use by Public Records

    Valley Services University Projection Tool Industrial Manufacturer Pinewood Apartments Apartment Building 548 Shattuck Apartments Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.947955
    Latitude
    43.451319

    Nearby Similar for Sale

    • $795,000
      5,160 SF

      Turnkey Restaurant with Liquor License

      Premier restaurant with Class C liquor license and state-of-the-art kitchen.
      5530 Gratiot Rd, Saginaw, MI 48638
      View Details
    • New
      $700,000
      9,920 SF

      Multi-Storefront Property on Bay Road

      Established commercial property with high visibility and income potential.
      Saginaw, MI 48603
      View Details
    • New
      $64,000
      2,952 SF

      Saginaw Commercial Building on Shattuck

      3,000 sq ft commercial building on 0.76 acres.
      244 Shattuck Rd, Saginaw, MI 48604
      View Details
    • $161,900
      4,679 SF

      Historic Commercial Building on Full Block

      Historic commercial building with modern upgrades on a full city block.
      827 N Michigan Ave, Saginaw, MI 48602
      View Details
    • $219,900
      Pending

      Saginaw Office Building For Sale

      Highly visible corner lot, excellent condition, potential for multiple tenants.
      816 S Hamilton St, Saginaw, MI 48602
      View Details
    • $274,900
      8,146 SF

      Saginaw Commercial Property For Sale

      Versatile commercial property with modern upgrades and ample parking.
      1115 E Genesee Ave, Saginaw, MI 48607
      View Details
    • New
      $299,900
      12,264 SF

      Saginaw Office Building For Sale

      12,000 sq ft office building near schools and retail.
      595 Center St N, Saginaw, MI 48638
      View Details
    • $459,900
      5,207 SF

      Commercial Building on 1.3 Acres

      Three-suite commercial building with plentiful parking on 1.3 acres.
      3150 Hallmark Ct, Saginaw, MI 48603
      View Details
    • $495,000
      1,718 SF

      Gas and Service Station Package

      Five parcels including gas station, bar, and truck rental.
      1419 Davenport Ave, Saginaw, MI 48602
      View Details
    • $525,000
      32,682 SF

      Approved Senior Care Project

      City-approved senior care project with potential for 50 beds.
      2138 N Carolina St, Saginaw, MI 48602
      View Details
    • $129,900
      1,500 SF

      Established Turn-Key Bar Opportunity

      Well-established bar with Class C liquor license and equipment.
      2139 Warwick St, Saginaw, MI 48602
      View Details
    • $250,000
      14,986 SF

      Historic Saginaw Church and School

      Historic 15,000 SF church and school buildings on 1.46 acres.
      612 N Michigan Ave, Saginaw, MI 48602
      View Details

    FAQs

    What type of property is this?
    Apartment building - Extensively renovated apartment building with additional commercial space.
    Where is this apartment building located?
    The property is located at 548 Shattuck Rd Saginaw, MI.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: - 3,000+ sq ft of B-2 zoned space suitable for office or retail, offering diverse income potential.; - Eight residential units: five 2-bedroom, one ADA-compliant 3-bedroom, and two 1-bedroom apartments.; - Six of the residential units are currently rented at market rate, providing immediate income.
    (989) 751-7288
    Request Owner's contact information
    548 Shattuck Rd Saginaw, MI 48604
    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.
    548 Shattuck Rd
    Saginaw, MI 48604
    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
    548 Shattuck Rd Saginaw, MI 48604
    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
    Paul Burback
    Real Estate License ID: SBR-6501431637
    (989) 751-7288 (989) 790-0767
    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!