Special Purpose Commercial
For Sale
Contact for pricing
1624 Gratiot Avenue, Saginaw, MI 48602
Special purpose offering with a 100% CAP structure and 2,165 SqFt configuration for buyers seeking a turn-key asset.
Property Size2,165 SF
Price / SF$110.81
Days on Market69
Property Features for 1624 Gratiot Avenue
General Information
Standard status
Active
Size
2,165 SF
Class
B
Total Parking Spaces
5
Property subtype
Special Purpose, Business for Sale, Hospitality
Zoning
RESIDENTAIL SPECIAL USE
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$302,600
Additional Details
Cap Rate
100%
Building Details
Year Built
1924
Year Renovated
2025
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Exp Realty
(248) 207-6229
Listed By:
Mahmoud Gasama · License #MI 6501323359
Source:
Crexi
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 8 at 3:33PM
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 Exp Realty
Investment Insights
Based on property information with market context.
This special purpose commercial property is offered for sale as a 100.00% CAP asset with a total size of 2,165 SqFt. The public remarks indicate the property is structured as a specialty, special purpose holding designed for a specific use case rather than a general retail or office layout. The listing does not provide further detail on interior buildout, unit configuration, or current tenancy.
The property is located at 1624 Gratiot Avenue in Saginaw, Michigan. Beyond the street address, the provided information does not specify frontage, access features, visibility, or nearby anchors, so buyers should plan to confirm those items directly.
For investors and owner-occupants evaluating a specialty-purpose acquisition, the key takeaway from the materials provided is the 100.00% CAP structure paired with the defined total square footage. Because the listing does not include operating details, current condition, or use-specific improvements, due diligence should focus on confirming the property’s actual layout, functional fit, and any lease or operational requirements associated with the CAP structure noted in the remarks.
The property is located at 1624 Gratiot Avenue in Saginaw, Michigan. Beyond the street address, the provided information does not specify frontage, access features, visibility, or nearby anchors, so buyers should plan to confirm those items directly.
For investors and owner-occupants evaluating a specialty-purpose acquisition, the key takeaway from the materials provided is the 100.00% CAP structure paired with the defined total square footage. Because the listing does not include operating details, current condition, or use-specific improvements, due diligence should focus on confirming the property’s actual layout, functional fit, and any lease or operational requirements associated with the CAP structure noted in the remarks.
Key Highlights
- Special purpose property built in 1924
- 2,165 SF configuration
- 100% cap structure referenced as part of the listing
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 48602, MI
27,613
Population
12,286
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
3,540
Density / Sq Mi
$46,068
Median Household Income
$29,611
Median Earnings
$902
Median Rent
$70,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Special purpose offering with a 100% CAP structure and 2,165 SqFt configuration for buyers seeking a turn-key asset.
Where is this specialty property located?
The property is located at 1624 Gratiot Avenue Saginaw, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Special purpose property built in 1924; 2,165 SF configuration; 100% cap structure referenced as part of the listing
