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    Updated Medical Retail Space with Drive-Up Title is generated by Realmo AI

    2706 N Saginaw Road, Midland, MI 48640

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    Claim this Listing
    For Lease
    $2,858/Mo $18 SF/Yr (calc)

    COMMERCIAL - Midland, MI

    Property size:
    1,905 SF
    Lot size:
    0.92 Acres
    Added:
    Jun 9, 2025
    Days on Market:
    360
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 2706 N Saginaw Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    140550090
    Size
    1,905 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10585

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1945
    Roof type
    Metal

    We can help!

    Listing Contact
    Paul White
    Paul White

    Listing agent Paul White License #6?5?0?1?4?6?4?7?7?4

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date Jun 9, 2025

    MLS# 50177676

    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.

    HighLights

    • 6,000 SF updated commercial space in Midland near N. Saginaw Rd and the hospital
    • Convenient drive‑up window with a canopy for customer accessibility
    • Generous parking available at the back with on‑site parking lot
    • Forced air heating and central air conditioning
    • Metal roof
    • Public water service; built in 1945

    Overview

    This updated commercial space is designed to support a wide range of medical, retail, and professional office uses. The layout includes a convenient drive-up window sheltered by a canopy, aimed at improving day-to-day accessibility for customers and patients. Back-of-building parking is available to help reduce friction during visits and deliveries.

    Located at 2706 N Saginaw Road in Midland, the property is near the hospital and positioned directly across from Midland County’s largest employer. The listing also notes exposure to substantial daily traffic on N. Saginaw Road, which can support visibility for both service-oriented and retail concepts.

    For tenants looking for a versatile footprint with direct customer interaction, the drive-up window and on-site parking are practical features. The mix of medical, retail, and professional office flexibility makes the space well-suited for operators who want a single location for walk-in traffic while keeping an accessible service component. Updated condition and straightforward customer access can support smooth onboarding for a new use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.259707
    Latitude
    43.641659

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    FAQs

    What type of property is this?
    Office building - Updated space with a canopy-sheltered drive-up window and back parking for patient and customer convenience near the hospital.
    Where is this office building located?
    The property is located at 2706 N Saginaw Road Midland, MI.
    What is the lease rate?
    The lease rate is $2,858 /Mo.
    What are key features of this property?
    This property features: 6,000 SF updated commercial space in Midland near N. Saginaw Rd and the hospital; Convenient drive‑up window with a canopy for customer accessibility; Generous parking available at the back with on‑site parking lot
    (989) 600-7424
    We can help!
    Listing Contact
    Paul White
    Paul White
    Real Estate License ID: 6?5?0?1?4?6?4?7?7?4
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2706 N Saginaw Road, Midland, MI 48640
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