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Corner Retail Space
For Lease
$14 SF/Yr

5050 Gratiot Rd, Saginaw, MI 48638

The property carries B-3 zoning and previously operated as a Rite Aid.

Space Size11,000 SF
Property Size11,459 SF
Days on Market761

Property Features for 5050 Gratiot Rd

General Information

Standard status Active
Size 11,000 SF
Net Rentable 11,000 SF
Property subtype Retail
Zoning B-3

Space & Availability

Available Space 11,000 SF
Contiguous Space 11,000 SF
Space Use Retail

Additional Details

Corner Location Yes

Building Details

Building Size 11,459 SF
Year Built 1999
Buildings 1
Stories 1
Listing Agency: CENTURY 21 Signature Realty
Listed By: Kenneth M. Kujawa · License #6502333762
Source: Cpix.resimplifi
Added: Aug 1, 2024 Changed: Aug 30 Last Checked: Aug 30 at 10:33AM

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 retail property offers 11,459 square feet within a building constructed in 1999. The premises previously operated as a Rite Aid, providing a documented former drugstore use for the space. B-3 zoning applies to the property.

The building occupies the corner of M-46, also known as Gratiot Road, and Center Road in Saginaw Township. Its address is 5050 Gratiot Rd, Saginaw, MI 48638. The property is offered for lease or sale.

Key Highlights

  • 11,459 square feet of retail space
  • Former Rite Aid location
  • B‑3 zoning

Property Analytics

Current Use

James E. Weiss, ... Pharmacy Rite Aid (Bike/Boat/Book/etc) Store Western Union Bank higi Physician Ann Hetzner Pharmacy

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

360
Businesses Nearby
20k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Dining 39% Home Improvements & Furnishings 2%
Shell Shops & Services
9,140 visits/mo 0.1 miles
Beef 'O' Brady's Dining
4,551 visits/mo 0.2 miles
PNC Bank Shops & Services
2,718 visits/mo 0.2 miles
Hungry Howie's Pizza Dining
1,937 visits/mo 0.1 miles
SUBWAY Dining
1,219 visits/mo 0.2 miles

Demographics for 48638, MI

13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - The property carries B-3 zoning and previously operated as a Rite Aid.
Where is this retail space located?
The property is located at 5050 Gratiot Rd Saginaw, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 11,459 square feet of retail space; Former Rite Aid location; B‑3 zoning
More about this property
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