Industrial Garage
205 N Wood Street Chesaning, MI 48616
For Sale
$265,000
COMMERCIAL - Chesaning, MI
Property Size4,500 SF
Lot Size0.20 Acres
Price / SF$58.89
Days on Market268
Property Features for 205 N Wood Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Standard status
Active
APN
13093160527700
Size
4,500 SF
Lot size
0.20 Acres
Utilities
Water source
Public
Building Details
Year built
1950
Roof type
Flat, Rubber
Listing Agency:
Century 21 Signature Realty
(989) 921-7000
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Nov 4, 2025
Changed: Jul 30
Last Checked: Jul 30 at 3:06AM
MLS# 50193499
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 4,500-square-foot industrial garage space available for purchase. The offering includes a lot with potential for modification to accommodate additional acquisition requirements.
The site is located at 205 N Wood Street in Chesaning, Michigan, in Saginaw County.
Interested parties should confirm final lot dimensions based on their intended acquisition requirements.
The site is located at 205 N Wood Street in Chesaning, Michigan, in Saginaw County.
Interested parties should confirm final lot dimensions based on their intended acquisition requirements.
Key Highlights
- 4,500 SF industrial garage space for purchase in Chesaning
- Off‑street parking
- Public water service available
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $7.80 |
| − Vacancy | −$1.6k | −$0.35 |
| EGI | $33.5k | $7.45 |
| − OpEx | −$10.1k | −$2.23 |
| NOI | $23.5k | $5.21 |
4,500 SF · lease $7.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$478.8K
$419.0K – $558.6K
NOI $33,517 @ 7.0% cap · market cap 12.65%
Second Best
Industrial
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 8.85%
Theoretical Best
Specialty Retail
$831.4K
$727.5K – $970.0K
NOI $58,199 @ 7.0% cap · market cap 21.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Swift Windshield Repair — 625 W Broad St Suite B, Chesaning, MI 48616
- Muffler Man — 830 W Broad St, Chesaning, MI 48616
- Horgers Farm & Automotive — 105 N 4th St, Chesaning, MI 48616
- FreakShow Construction — 524 s line st, chesaning, mi 48616
- Amman's Garage — 423 E Broad St, Chesaning, MI 48616
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial garage space totaling 4,500 square feet is offered for sale in Chesaning, with a configurable lot size.
Where is this auto shop located?
The property is located at 205 N Wood Street Chesaning, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 4,500 SF industrial garage space for purchase in Chesaning; Off‑street parking; Public water service available
