Historic Mixed-Use
For Sale
$995,000
234 S Water St, Saginaw, MI 48607
RMU-zoned property combines ground-floor office areas with an upper-level lounge, kitchen, dance floor, and full bar.
Property Size16,702 SF
Price / SF$59.57
Days on Market14
Property Features for 234 S Water St
General Information
Standard status
Active
Size
16,702 SF
Class
B
Property subtype
Hospitality, Investment
Zoning
RMU
Additional Details
Furnished
Yes
Building Details
Building Size
16,702 SF
Year Built
1909
Buildings
1
Stories
2
Listing Agency:
COMMERCIAL EQUITIES
Listed By:
Sandra J. Covaleski · License #6502139796
(989) 684-4800
Source:
Cpix.resimplifi
Added: Sep 25
Changed: Oct 7
Last Checked: Oct 7 at 2:29PM
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 COMMERCIAL EQUITIES
Investment Insights
Based on property information with market context.
Built in 1909, this two-story mixed-use property contains 16,702 square feet across its main floors, plus a 3,052-square-foot lower level. The first floor has multiple offices and work areas, along with two restrooms. The second floor is configured with seating, a dance floor, a kitchen area, and a full bar. Seven HVAC units serve the building: three on the first floor and four upstairs. The lower level offers additional interior space.
The sale includes a separate parking parcel at 228 Water Street, positioned east and north of the building; street parking is also available. The property is in downtown Saginaw, next to the SVRC Marketplace and a few blocks south of the Dow Event Center. Most office furniture and lounge-related furnishings and equipment are included, subject to specific personal-property exclusions.
The sale includes a separate parking parcel at 228 Water Street, positioned east and north of the building; street parking is also available. The property is in downtown Saginaw, next to the SVRC Marketplace and a few blocks south of the Dow Event Center. Most office furniture and lounge-related furnishings and equipment are included, subject to specific personal-property exclusions.
Key Highlights
- 16,702 SF across two floors, plus a 3,052‑square‑foot lower level
- Built in 1909; RMU zoning
- Ground floor includes offices, work areas, and two restrooms
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 33%
Apparel 6%
Mobil
Shops & Services
13,184 visits/mo
0.2 miles
Taco Bell
Dining
12,588 visits/mo
0.5 miles
Family Dollar
Shops & Services
8,604 visits/mo
0.5 miles
Sunoco
Shops & Services
7,145 visits/mo
0.3 miles
Rally's
Dining
5,738 visits/mo
0.3 miles
Demographics for 48607, MI
1,456
Population
884
Households
1.6
Avg Household Size
44
Median Age
22%
College-Educated
79%
High-School Grad
1.0 sq mi
ZIP Area
1,456
Density / Sq Mi
$39,211
Median Household Income
$32,543
Median Earnings
$1,017
Median Rent
$44,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - RMU-zoned property combines ground-floor office areas with an upper-level lounge, kitchen, dance floor, and full bar.
Where is this mixed-use property located?
The property is located at 234 S Water St Saginaw, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 16,702 SF across two floors, plus a 3,052‑square‑foot lower level; Built in 1909; RMU zoning; Ground floor includes offices, work areas, and two restrooms
