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Medical Office Condominium
New
For Sale
$399,900

5481 N Colony Dr, Saginaw, MI 48638

The lower-level suite includes nine exam rooms, two offices, and separate waiting areas for adults and children.

Property SizeContact for details
Days on Market4

Property Features for 5481 N Colony Dr

General Information

Standard status Active
Property subtype Commercial

Additional Details

Floor lower level
Office Units 1

Building Details

Year Built 1974
Tenancy Single
Listed By: Linda Shephard · License #SBR-6502392892
Source: Elliman
Added: Sep 24 Last Checked: Sep 26 at 8:24AM

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 Linda Shephard

Investment Insights

Based on property information with market context.

The offering is a lower-level unit in a three-unit medical condominium building constructed in 1974. Its layout includes a reception area, a large waiting room, a separate area for children, nine exam rooms, and two full offices. The unit has been used by a primary care practice since 1998.

Condominium association fees cover exterior building expenses.

Key Highlights

  • Nine exam rooms and two full offices
  • Separate waiting area for children, plus a large general waiting room
  • Lower‑level unit in a three‑unit medical condominium building

Property Analytics

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Current Use

Benjamin Lievense, DDS ... Dental Office Grigg Ted R ... Dental Office Apex Endodontics Dental Office Jarema Beverly DO Pediatrician A E Grigg PC Dental Office

Suggested Use

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

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

1
Office units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Sheets Don DVM — 305 N Center Rd, Saginaw, MI 48638
  • Dr. Tina Roggenbeck — 305 N Center Rd, Saginaw, MI 48638
  • Veterinary Health Center — 305 N Center Rd, Saginaw, MI 48638

Frequently Asked Questions

What type of property is this?
Medical Office Space - The lower-level suite includes nine exam rooms, two offices, and separate waiting areas for adults and children.
Where is this medical office space located?
The property is located at 5481 N Colony Dr Saginaw, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Nine exam rooms and two full offices; Separate waiting area for children, plus a large general waiting room; Lower‑level unit in a three‑unit medical condominium building
More about this property
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