Retail Building with Fenced
6470 State St Saginaw, MI 48603
6470 State St, Saginaw, MI, 48603
$325,000
For Sale
$325,000
Retail showroom/office with 116' frontage and a fenced yard along a main road.
Property Size3,240 SF
Price / SF$100.31
Days on Market808
Property Features for 6470 State St
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agency
Signature Associates - Southfield
(248) 948-0113
Listed by
Joseph T. Hamway
(248) 948-0113
Source
Cpix.resimplifi
Added: May 6, 2024 Updated: Jul 21 at 1:32AM Checked: Jul 21 at 1:32AM
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
Investment Insights
Based on property information with market context.
This for-sale retail building includes approximately 1,296 sq. ft. of showroom/office space. The property also features a fenced yard and 116 feet of frontage, providing an established setup for retail-oriented operations.
The asset is positioned for strong visibility from a main road, as noted in the public remarks. The combination of frontage and dedicated fenced outdoor area supports a range of everyday customer-facing needs.
With its showroom/office configuration and fenced yard, the building is well suited for uses that benefit from a retail frontage presence and defined exterior space.
The asset is positioned for strong visibility from a main road, as noted in the public remarks. The combination of frontage and dedicated fenced outdoor area supports a range of everyday customer-facing needs.
With its showroom/office configuration and fenced yard, the building is well suited for uses that benefit from a retail frontage presence and defined exterior space.
Key Highlights
- 116' of frontage along a main road
- Retail showroom/office space with 1,296 sq. ft.
- Fenced yard
Local Financial Insights For Retail
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 | $42.0k | $12.96 |
| − Vacancy | −$7.5k | −$2.32 |
| EGI | $34.5k | $10.64 |
| − OpEx | −$10.3k | −$3.19 |
| NOI | $24.1k | $7.45 |
3,240 SF · lease $12.96/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$344.7K
$301.7K – $402.2K
NOI $24,132 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$598.6K
$523.8K – $698.4K
NOI $41,903 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rental City
Party Supply Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail showroom/office with 116' frontage and a fenced yard along a main road.
Where is this retail space located?
The property is located at 6470 State St Saginaw, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 116' of frontage along a main road; Retail showroom/office space with 1,296 sq. ft.; Fenced yard
