Flexible Storefront
For Sale
Contact for pricing
205 S Center, Saginaw, MI 48638
Open commercial layout with on-site parking and a separate storage shed.
Property Size2,127 SF
Price / SF$93.04
Days on Market108
Property Features for 205 S Center
General Information
Standard status
Active
Size
2,127 SF
Property subtype
Retail
Amenities
parking
shed
Building Details
Year Built
1999
Buildings
1
Units
1
Listing Agency:
CENTURY 21 Signature Realty
Listed By:
Kenneth Kujawa · License #6502333762
(989) 921-7000
Source:
Crexi
Added: Jul 1
Changed: Oct 14
Last Checked: Oct 16 at 9:27AM
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
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.
This 2,127-square-foot storefront property, built in 1999, provides an open commercial layout suited to retail, office, or service-related use. The interior can be configured around the needs of an incoming business, with the flexibility to support different operating formats.
On-site parking adds convenience for customers, staff, or visitors, while the included shed provides separate storage space. Positioned at 205 S. Center in Saginaw, Michigan, the property combines a practical storefront setting with adaptable interior space.
On-site parking adds convenience for customers, staff, or visitors, while the included shed provides separate storage space. Positioned at 205 S. Center in Saginaw, Michigan, the property combines a practical storefront setting with adaptable interior space.
Key Highlights
- 2,127 SF storefront property
- Built in 1999
- Open, adaptable commercial layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,842
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,840
$316.8K
Cap Rate 7%
$226,314
$226.3K
Cap Rate 9%
$176,022
$176.0K
Market Conditions
NOI Build-Up for 2,127 SF
Gross rent
$27.6K $12.96/SF
− Vacancy
−$4.9K −$2.32/SF
EGI
$22.6K $10.64/SF
− OpEx
−$6.8K −$3.19/SF
NOI
$15.8K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,840
Cap Rate 7%
$226,314
Cap Rate 9%
$176,022
Alternative Uses
Best Use
Office B
$297.4K
$260.2K – $347.0K
NOI $20,818 @ 7.0% cap · market cap 10.52%
Second Best
Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 8.01%
Theoretical Best
Specialty Retail
$393.0K
$343.9K – $458.5K
NOI $27,508 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial layout with on-site parking and a separate storage shed.
Where is this storefront property located?
The property is located at 205 S Center Saginaw, MI.
What is the asking price?
The asking price for this property is $197,900.
What are key features of this property?
This property features: 2,127 SF storefront property; Built in 1999; Open, adaptable commercial layout
