High-Visibility Office
6270 State Saginaw, MI 48603
For Sale
$599,000
Office building on nearly one acre with strong visibility and easy access along State Street.
Property Size3,880 SF
Price / SF$154.38
Days on Market810
Property Features for 6270 State
General Information
- Standard status
- Active
- Size
- 3,880 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1970
Listing Agency:
CENTURY 21 Signature Realty
(989) 239-5581
Listed By:
Kenneth M. Kujawa · License #6502333762
(989) 239-5581
Source:
Cpix.resimplifi
Added: May 8, 2024
Changed: Jul 21
Last Checked: Jul 22 at 2:15AM
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 CENTURY 21 Signature Realty
Investment Insights
Based on property information with market context.
This high-visibility office building is offered for lease or for sale and provides over 3,800 square feet of commercial office space on nearly one acre. The property is configured as a dedicated office facility, providing a turnkey option for businesses seeking an existing building rather than ground-up development.
Located in Saginaw Township along State Street in Saginaw, MI, the building benefits from strong visibility and easy access from the main corridor. Its site size also supports on-site flexibility relative to smaller urban lots.
The asset presents a straightforward office opportunity for owner-occupants or investors, with the benefit of a prominent street-facing location.
Located in Saginaw Township along State Street in Saginaw, MI, the building benefits from strong visibility and easy access from the main corridor. Its site size also supports on-site flexibility relative to smaller urban lots.
The asset presents a straightforward office opportunity for owner-occupants or investors, with the benefit of a prominent street-facing location.
Key Highlights
- Office building built in 1970
- Over 3,800 SF office space
- Nearly one‑acre lot
Financial Insights For Office B
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 | $58.2k | $15.00 |
| − Vacancy | −$7.6k | −$1.95 |
| EGI | $50.6k | $13.05 |
| − OpEx | −$12.7k | −$3.26 |
| NOI | $38.0k | $9.79 |
3,880 SF · lease $15.00/SF/yr · vacancy 13.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$542.5K
$474.7K – $632.9K
NOI $37,976 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$716.9K
$627.3K – $836.3K
NOI $50,180 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gentiva Hospice
Nursing Home
FAQs
What type of property is this?
Office building - Office building on nearly one acre with strong visibility and easy access along State Street.
Where is this office building located?
The property is located at 6270 State Saginaw, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Office building built in 1970; Over 3,800 SF office space; Nearly one‑acre lot
