1602 S Saginaw Rd Midland, MI 48640

Building Details

Year Built

1980

Listing agency RE/MAX New Image p***@remax.net Show Phone

Listed by Patrick Devereaux · License #6501180276 Show Phone

Source Elliman

Added: May 17 Updated: Jul 10 at 1:38PM Checked: Jul 21 at 6:43AM

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Investment Insights

Based on property information with market context.

This commercial property presents an investment opportunity with long-term tenants. The property is currently leased to Hannah Flowers and Asset Brokers, with lease terms including a 10% increase every five years. The owner is responsible for taxes and insurance. Situated at the intersection of Haley and Saginaw, the location benefits from a very high traffic count. The property has a bike score of 73, indicating it is very bikeable, and a walk score of 71, meaning it is very walkable.

Key Highlights

• Long‑term tenants in place, providing immediate rental income
• Leases include a 10% rent increase every five years, ensuring increasing returns
• Very high traffic count at the Haley and Saginaw intersection, offering excellent visibility

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Similar Off Market Nearby

• Hannah's Flowers — 1600 S Saginaw Rd, Midland, MI 48640
• Village Green — 715 S Saginaw Rd, Midland, MI 48640
• Sandy's Design Studio LLC — 210 Dartmouth Dr, Midland, MI 48640
• Kroger Floral Department — 2808 Ashman St, Midland, MI 48640

FAQs

What type of property is this?

Storefront property - Long-term tenants, high traffic, and income potential.

Where is this storefront property located?

The property is located at 1602 S Saginaw Rd Midland, MI.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Long‑term tenants in place, providing immediate rental income; Leases include a 10% rent increase every five years, ensuring increasing returns; Very high traffic count at the Haley and Saginaw intersection, offering excellent visibility