Truck Terminal with
New
For Sale
$850,000
3770 Hess Ave, Saginaw, MI 48601
Cross-dock warehouse space is complemented by dedicated office space and a fenced, lighted site.
Property Size7,300 SF
Price / SF$116.44
Days on Market4
Property Features for 3770 Hess Ave
General Information
Standard status
Active
Size
7,300 SF
Property subtype
Industrial
Zoning
B-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
6,300 SF
Office Build-Out
1,000 SF
Dock-High Doors
23
Loading
Cross-Dock
Additional Details
Property Use
Terminal
Building Details
Building Size
7,300 SF
Year Built
1960
Stories
1
Listing Agency:
The Miller Group of Saginaw Inc.
Listed By:
Bob Morford
(989) 790-2611
Source:
Cpix.resimplifi
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 12:46PM
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 The Miller Group of Saginaw Inc.
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Investment Insights
Based on property information with market context.
This truck terminal contains 7,300 square feet, configured with 6,300 square feet of cross-dock warehouse space and 1,000 square feet of office area. The building dates to 1960 and has 23 dock doors. Outside, a gravel lot with cement landing-gear pads accommodates trailer and equipment storage; the property is fenced and lighted, with controlled site access.
Located near I-75 in Saginaw, the property is zoned B-2.
Located near I-75 in Saginaw, the property is zoned B-2.
Key Highlights
- 7,300 SF building with 6,300 SF of cross‑dock warehouse space and 1,000 SF of office area
- 23 dock doors
- Gravel parking area with cement landing‑gear pads for trailer and equipment storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,037
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,740
$1.0M
Cap Rate 7%
$714,814
$714.8K
Cap Rate 9%
$555,967
$556.0K
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$61.3K $8.40/SF
− Vacancy
−$2.5K −$0.34/SF
EGI
$58.9K $8.06/SF
− OpEx
−$8.8K −$1.21/SF
NOI
$50.0K $6.85/SF
Area
Saginaw County, MI
Vacancy
4.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,740
Cap Rate 7%
$714,814
Cap Rate 9%
$555,967
Alternative Uses
Best Use
Warehouse
$714.8K
$625.5K – $834.0K
NOI $50,037 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,411 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
23
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
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Business Placement
Demographics for 48601, MI
32,165
Population
16,220
Households
2
Avg Household Size
39
Median Age
8%
College-Educated
86%
High-School Grad
104.3 sq mi
ZIP Area
308
Density / Sq Mi
$37,830
Median Household Income
$27,218
Median Earnings
$836
Median Rent
$54,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Truck terminal - Cross-dock warehouse space is complemented by dedicated office space and a fenced, lighted site.
Where is this truck terminal located?
The property is located at 3770 Hess Ave Saginaw, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7,300 SF building with 6,300 SF of cross‑dock warehouse space and 1,000 SF of office area; 23 dock doors; Gravel parking area with cement landing‑gear pads for trailer and equipment storage
