Retail Property with Drive-Up
2706 N Saginaw Road Midland, MI 48640
2706 N Saginaw Road, Midland, MI, 48640
$995,000
For Sale
$995,000
COMMERCIAL - Midland, MI
Property Size6,000 SF
Lot Size0.92 Acres
Price / SF$165.83
Days on Market331
Property Features for 2706 N Saginaw Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 140550090
- Size
- 6,000 SF
- Lot size
- 0.92 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1998
- Roof type
- Metal
Listing Agency
Century 21 Signature Realty
(989) 921-7000
5580 State Street Suite 4, Saginaw, MI
Listed by
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Aug 25, 2025 Updated: Jun 3 at 5:42 pm Checked: Jul 21 at 4:06 am
MLS# 50186294
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Investment Insights
Based on property information with market context.
This retail property includes a drive-up window and a total building area of approximately 6,000 square feet. The space is currently partially occupied, with about 4,500 square feet leased and approximately 1,800 square feet available. The configuration supports customer-facing retail activity tied to the service window feature.
The property is located at 2706 N Saginaw Road in Midland, Michigan. The public remarks note its proximity to Dow High School and the hospital, positioning it for convenient access for area customers.
For buyers and owner-operators, the existing leased portion can help offset occupancy needs while still leaving room to expand within the same building. Tenants considering the available 1,800 square feet will benefit from the drive-up window setup and the established retail environment already in place. The combination of on-site service functionality and a partially occupied layout provides a practical path for steady use and additional leasing within a single retail asset.
The property is located at 2706 N Saginaw Road in Midland, Michigan. The public remarks note its proximity to Dow High School and the hospital, positioning it for convenient access for area customers.
For buyers and owner-operators, the existing leased portion can help offset occupancy needs while still leaving room to expand within the same building. Tenants considering the available 1,800 square feet will benefit from the drive-up window setup and the established retail environment already in place. The combination of on-site service functionality and a partially occupied layout provides a practical path for steady use and additional leasing within a single retail asset.
Key Highlights
- Approx. 6,000 sq. ft. commercial property near Dow High School and the hospital
- 4,500 sq. ft. already leased and 1,800 sq. ft. available
- Drive‑up window for customer access
Local Financial Insights For Retail
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 | $72.0k | $12.00 |
| − Vacancy | −$12.9k | −$2.15 |
| EGI | $59.1k | $9.85 |
| − OpEx | −$17.7k | −$2.96 |
| NOI | $41.4k | $6.90 |
6,000 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$591.1K
$517.2K – $689.6K
NOI $41,378 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.08M
$947.6K – $1.26M
NOI $75,807 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building near a hospital and Dow High School, offering both leased space and additional space for occupancy.
Where is this retail space located?
The property is located at 2706 N Saginaw Road Midland, 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: Approx. 6,000 sq. ft. commercial property near Dow High School and the hospital; 4,500 sq. ft. already leased and 1,800 sq. ft. available; Drive‑up window for customer access
