Retail Building with Open
For Sale
$850,000
12950 Brady Road, Chesaning, MI 48616
Commercial, Chesaning, MI
Property Size8,895 SF
Lot Size2.98 Acres
Price / SF$95.56
Days on Market345
Property Features for 12950 Brady Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Steel
Lot features
Freestanding
Directions
E on M-57 from US-127.
Subdivision
Saginaw
Standard status
Active
Size
8,895 SF
Lot size
2.98 Acres
Taxes and HOA fees
Tax Description
See Associated Docs for Full Legal Description.
Legal Description
See Associated Docs for Full Legal Description.
Building Details
Building materials
Frame
Roof type
Metal, Membrane
Listing Agency:
CENTURY 21 LEE-MAC REALTY
(989) 463-6085
Listed By:
Bob Fall · License #6501436188
(989) 737-3927
Added: Oct 27, 2025
Changed: Sep 13
Last Checked: Oct 6 at 1:06AM
MLS# 1940090
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes 8,895 square feet on a 2.98-acre site, with broad interior areas and multiple entry points. The building previously operated as a restaurant and banquet center, offering a configuration that can support continued commercial occupancy or a new interior plan. Steel exterior features, frame construction, and a combination metal and membrane roof are part of the existing improvements. A parking lot serves the property.
The building is positioned at the intersection of M-52 and M-57 in Chesaning, Michigan. Its exterior has been updated, and the site has direct exposure to both routes. The property is located in Saginaw County and carries a 48616 postal code.
The building is positioned at the intersection of M-52 and M-57 in Chesaning, Michigan. Its exterior has been updated, and the site has direct exposure to both routes. The property is located in Saginaw County and carries a 48616 postal code.
Key Highlights
- 8,895‑square‑foot retail property on 2.98 acres
- Located at the intersection of M‑52 and M‑57
- Former restaurant and banquet center configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,251
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,020
$1.3M
Cap Rate 7%
$946,443
$946.4K
Cap Rate 9%
$736,122
$736.1K
Market Conditions
NOI Build-Up for 8,895 SF
Gross rent
$115.3K $12.96/SF
− Vacancy
−$20.6K −$2.32/SF
EGI
$94.6K $10.64/SF
− OpEx
−$28.4K −$3.19/SF
NOI
$66.3K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,020
Cap Rate 7%
$946,443
Cap Rate 9%
$736,122
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $115,039 @ 7.0% cap · market cap 13.53%
Second Best
Retail
$946.4K
$828.1K – $1.10M
NOI $66,251 @ 7.0% cap · market cap 7.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 97%
Shops & Services 3%
McDonald's
Dining
19,682 visits/mo
0.1 miles
Taco Bell
Dining
3,823 visits/mo
0.0 miles
Mel Ervin Ford, Inc.
Shops & Services
653 visits/mo
0.4 miles
Demographics for 48616, MI
7,458
Population
3,226
Households
2.3
Avg Household Size
45
Median Age
14%
College-Educated
92%
High-School Grad
81.1 sq mi
ZIP Area
92
Density / Sq Mi
$67,801
Median Household Income
$39,141
Median Earnings
$744
Median Rent
$153,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial property with multiple entrances, on-site parking, and a recently updated exterior.
Where is this retail space located?
The property is located at 12950 Brady Road Chesaning, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,895‑square‑foot retail property on 2.98 acres; Located at the intersection of M‑52 and M‑57; Former restaurant and banquet center configuration
