Medical Office Space with Storage
For Sale
$400,000
125 N Colony Dr, Saginaw, MI 48638
Commercial-improved medical office property with a basement and separate storage garage.
Property Size4,600 SF
Price / SF$86.96
Days on Market369
Property Features for 125 N Colony Dr
General Information
Standard status
Active
Size
4,600 SF
Total Parking Spaces
30
Property subtype
Office
Zoning
Commercial Improved
Building Details
Building Size
4,600 SF
Year Built
1990
Listing Agency:
Signature Associates - Southfield
Listed By:
Jack Townsend
(248) 948-0115
Source:
Cpix.resimplifi
Added: Oct 14, 2025
Changed: Oct 3
Last Checked: Oct 16 at 5:47AM
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 Signature Associates - Southfield
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Investment Insights
Based on property information with market context.
Built in 1990, this 4,600-square-foot medical office property includes a basement beneath half of the building. The improvements also include a separate 600-square-foot storage garage with a 12' x 14' grade-level door, providing dedicated space for storage or operational needs. The building is zoned Commercial Improved and is available immediately. Its configuration supports medical, dental, day care, and other office uses identified for the property.
Key Highlights
- 4,600‑square‑foot medical office property built in 1990
- Separate 600‑square‑foot storage garage
- 12' x 14' grade‑level garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,816
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,320
$696.3K
Cap Rate 7%
$497,371
$497.4K
Cap Rate 9%
$386,844
$386.8K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$66.2K $14.40/SF
− Vacancy
−$8.2K −$1.79/SF
EGI
$58.0K $12.61/SF
− OpEx
−$23.2K −$5.05/SF
NOI
$34.8K $7.57/SF
Area
Saginaw County, MI
Vacancy
12.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,320
Cap Rate 7%
$497,371
Cap Rate 9%
$386,844
Alternative Uses
Best Use
Office B
$643.2K
$562.8K – $750.4K
NOI $45,023 @ 7.0% cap · market cap 11.26%
Second Best
Healthcare Medical
$497.4K
$435.2K – $580.3K
NOI $34,816 @ 7.0% cap · market cap 8.70%
Theoretical Best
Specialty Retail
$849.9K
$743.7K – $991.5K
NOI $59,492 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Sheets Don DVM — 305 N Center Rd, Saginaw, MI 48638
- Dr. Tina Roggenbeck — 305 N Center Rd, Saginaw, MI 48638
- Veterinary Health Center — 305 N Center Rd, Saginaw, MI 48638
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial-improved medical office property with a basement and separate storage garage.
Where is this medical office space located?
The property is located at 125 N Colony Dr Saginaw, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 4,600‑square‑foot medical office property built in 1990; Separate 600‑square‑foot storage garage; 12' x 14' grade‑level garage door
