Building Details

Year built 1950

Roof type Flat, Rubber

Listing Agency: Century 21 Signature Realty · Century 21 Real Estate j***@c21signaturerealty.com Show Phone

Listed By: Ken Kujawa Show Phone

Added: Nov 4, 2025 Changed: Oct 27 Last Checked: Oct 29 at 4:06PM

Report an Issue

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This industrial auto shop property at 205 N Wood Street in Chesaning, Michigan, includes a 4,500-square-foot garage building on a 0.2-acre lot. The structure was built in 1950 and features a flat rubber roof, public water service, and off-street parking. The property is suited to an automotive or industrial use, subject to applicable requirements.

Key Highlights

• 4,500‑square‑foot industrial garage building
• 0.2‑acre lot in Chesaning, MI
• Built in 1950

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,464

Cap Rate

8.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$469,280 $469.3K

Cap Rate 7%

$335,200 $335.2K

Cap Rate 9%

$260,711 $260.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$35.1K $7.80/SF

− Vacancy

−$1.6K −$0.35/SF

EGI

$33.5K $7.45/SF

− OpEx

−$10.1K −$2.23/SF

NOI

$23.5K $5.21/SF

Area

Saginaw County, MI

Vacancy

4.50%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$469,280

Cap Rate 7%

$335,200

Cap Rate 9%

$260,711

Alternative Uses

Best Use

Retail

$478.8K

$419.0K – $558.6K (±1% cap)

NOI $33,517 @ 7.0% cap · market cap 12.65%

Second Best

Industrial

$335.2K

$293.3K – $391.1K (±1% cap)

NOI $23,464 @ 7.0% cap · market cap 8.85%

Theoretical Best

Specialty Retail

$831.4K

$727.5K – $970.0K (±1% cap)

NOI $58,199 @ 7.0% cap · market cap 21.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Chesaning Body Shop ... Auto Repair Shop

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Big Box & Wholesale Store Real Estate Agency Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

264

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48616, MI

7,458

Population

3,226

Households

2.3

Avg Household Size

45

Median Age

14%

College-Educated

92%

High-School Grad

81.1 sq mi

ZIP Area

92

Density / Sq Mi

$67,801

Median Household Income

$39,141

Median Earnings

$744

Median Rent

$153,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Manufacturing Facility with Outdoor Storage

1100 Pearl St, Chesaning, MI 48616

Contact for pricing

101,453 SF

View details

Restaurant and Bar with Heated Patio

15952 Oakley Road, Chesaning, MI 48616

$599,900

4,520 SF

View details

Multi Family

307 N Line Street, Chesaning, MI 48616

$149,900

2,002 SF

View details

Retail Building with Open Layout

12950 Brady Road, Chesaning, MI 48616

$850,000

8,895 SF

View details

Gas Station in Admiral Petroleum Portfolio

12800 W Brady Rd, Chesaning, MI 48616

$2,156,682

1,500 SF

View details

4-Unit Apartment Building

103 S Main, Chesaning, MI 48616

$260,000

View details

Five-Bay Car Wash

1026 W Broad Street, Chesaning, MI 48616

$600,000

0.56 Acres

View details

Similar Off Market Nearby

• FreakShow Construction — 524 s line st, chesaning, mi 48616
• Swift Windshield Repair — 625 W Broad St Suite B, Chesaning, MI 48616
• Amman's Garage — 423 E Broad St, Chesaning, MI 48616
• Horgers Farm & Automotive — 105 N 4th St, Chesaning, MI 48616
• Muffler Man — 830 W Broad St, Chesaning, MI 48616

Frequently Asked Questions

What type of property is this?

Auto shop - Industrial garage property with off-street parking and public water service.

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‑square‑foot industrial garage building; 0.2‑acre lot in Chesaning, MI; Built in 1950