Six-Suite Retail
For Sale
$2,200,000
8200 S Saginaw St Unit 500, Grand Blanc, MI 48439
All suites are leased to long-term tenants, providing an established occupancy profile.
Property Size12,024 SF
Price / SF$182.97
Days on Market577
Property Features for 8200 S Saginaw St Unit 500
General Information
Standard status
Active
Size
12,024 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1999
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Est
Listed By:
Julie Wyland · License #6501425953
(810) 845-1111
Source:
Vmrealestatemichigan
Added: Apr 5, 2025
Changed: Nov 1
Last Checked: Nov 1 at 5:55AM
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 Berkshire Hathaway HomeServices Michigan Real Est
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1999, this 12,024-square-foot retail center contains six separately accessed suites. Each suite has a private entrance, and all six are occupied by long-term tenants.
The property is located on Saginaw Street in Grand Blanc, within a retail corridor. The remarks place it near Flint, identified as Michigan’s fourth-largest metropolitan area.
The property is located on Saginaw Street in Grand Blanc, within a retail corridor. The remarks place it near Flint, identified as Michigan’s fourth-largest metropolitan area.
Key Highlights
- 12,024‑square‑foot retail center
- Six suites, each with a private entrance
- All six suites leased to long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,820
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,496,400
$2.5M
Cap Rate 7%
$1,783,143
$1.8M
Cap Rate 9%
$1,386,889
$1.4M
Market Conditions
NOI Build-Up for 12,024 SF
Gross rent
$186.1K $15.48/SF
− Vacancy
−$7.8K −$0.65/SF
EGI
$178.3K $14.83/SF
− OpEx
−$53.5K −$4.45/SF
NOI
$124.8K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,496,400
Cap Rate 7%
$1,783,143
Cap Rate 9%
$1,386,889
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,820 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,112 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kroger Fuel Center
Shops & Services
13,531 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,430 visits/mo
0.1 miles
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Secretary of State Self-service Station — 12731 S Saginaw St, Grand Blanc, MI 48439
- Coinstar Kiosk - Bitcoin ATM — 12731 S Saginaw St Kroger, Grand Blanc, MI 48439
Frequently Asked Questions
What type of property is this?
Shopping center - All suites are leased to long-term tenants, providing an established occupancy profile.
Where is this shopping center located?
The property is located at 8200 S Saginaw St Unit 500 Grand Blanc, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12,024‑square‑foot retail center; Six suites, each with a private entrance; All six suites leased to long‑term tenants
