Industrial Flex Space with On-Track
For Sale
Contact for pricing
4055 S Saginaw Rd, Midland, MI 48640
Multiple warehouse and a main executive office building on an industrial-commercial site zoned Industrial B, sold vacant.
Property Size40,878 SF
Lot Size41.00 Acres
Price / SF$97.85
Days on Market70
Property Features for 4055 S Saginaw Rd
General Information
Standard status
Active
Size
40,878 SF
Lot size
41.00 Acres
Property subtype
INDUSTRIAL
Zoning
Industrial B
Additional Details
Asking Price
$4,250,000
Rail Access
Yes
Building Details
Buildings
13
Listing Agency:
Trademark Commercial Group
Listed By:
Gretchen Witherspoon,SIOR,CCIM
(989) 295-0353
Source:
Moodyscre
Added: Jul 29
Changed: Oct 2
Last Checked: Oct 5 at 7:22PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
Industrial flex space offered for sale as a total 40,878 SF across multiple buildings on a 41-acre industrial/commercial site at 4055 S Saginaw Rd, Midland, MI 48640. The property includes 12 industrial/light manufacturing warehouses of various sizes and one main executive office building, with the office building described as being in excellent condition. The buildings were originally suited for a construction company office and construction-industry operations, with some facilities featuring very high ceiling heights.
The site is described as being next to Dow properties, with a railroad/rail spur on the property that could be used. At least one industrial building has roll-in (on track) access for easier in-and-out movement. A carpentry fab shop is on site, and some buildings have cranes, with what remains on site listed as TBD. The cell tower has been sold and is not part of this transaction, though an easement to the cell tower will remain.
Real estate only is being sold and the property is listed as sold vacant. Additional easements related to an adjacent parcel are also expected to remain, with the owner to provide a forever easement to that property. Industrial B district zoning is noted.
The site is described as being next to Dow properties, with a railroad/rail spur on the property that could be used. At least one industrial building has roll-in (on track) access for easier in-and-out movement. A carpentry fab shop is on site, and some buildings have cranes, with what remains on site listed as TBD. The cell tower has been sold and is not part of this transaction, though an easement to the cell tower will remain.
Real estate only is being sold and the property is listed as sold vacant. Additional easements related to an adjacent parcel are also expected to remain, with the owner to provide a forever easement to that property. Industrial B district zoning is noted.
Key Highlights
- 40,878 SF total across multiple buildings on a 41‑acre industrial/commercial site
- 12 industrial/light manufacturing warehouses plus 1 main executive office building
- Industrial B district zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,661
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,653,220
$4.7M
Cap Rate 7%
$3,323,729
$3.3M
Cap Rate 9%
$2,585,122
$2.6M
Market Conditions
NOI Build-Up for 40,878 SF
Gross rent
$294.3K $7.20/SF
− Vacancy
−$20.6K −$0.50/SF
EGI
$273.7K $6.70/SF
− OpEx
−$41.1K −$1.00/SF
NOI
$232.7K $5.69/SF
Area
Midland County, MI
Vacancy
7.00%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,653,220
Cap Rate 7%
$3,323,729
Cap Rate 9%
$2,585,122
Alternative Uses
Best Use
Flex RnD
$7.38M
$6.46M – $8.61M
NOI $516,471 @ 7.0% cap · market cap 12.91%
Second Best
Office B
$5.49M
$4.80M – $6.40M
NOI $384,090 @ 7.0% cap · market cap 9.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48640, MI
31,840
Population
14,340
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
303
Density / Sq Mi
$81,630
Median Household Income
$43,353
Median Earnings
$928
Median Rent
$191,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Catering By Rachel — 3622 N Saginaw Rd, Midland, MI 48640
Frequently Asked Questions
What type of property is this?
Flex space - Multiple warehouse and a main executive office building on an industrial-commercial site zoned Industrial B, sold vacant.
Where is this flex space located?
The property is located at 4055 S Saginaw Rd Midland, MI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 40,878 SF total across multiple buildings on a 41‑acre industrial/commercial site; 12 industrial/light manufacturing warehouses plus 1 main executive office building; Industrial B district zoning
