Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Industrial Property on 72+ Acres Title is generated by Realmo AI

    4008 Carrollton Drive, Saginaw, MI 48604

    View on Map
    Claim this Listing
    New
    For Sale
    $2,200,000

    COMMERCIAL - Saginaw, MI

    Lot size:
    72.45 Acres
    Added:
    May 26, 2026
    Days on Market:
    3
    Last Refresh:
    May 28 at 6:06 am

    Property Features for 4008 Carrollton Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Broadband
    Standard status
    Active
    APN
    11125071002000
    Lot size
    72.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    at LO
    Tax Annual Amount
    8401

    Utilities

    Utilities
    Cable Available
    Water front
    1

    Building Details

    Year built
    1800

    We can help!

    Listing Contact
    Priscilla Cazier

    Listing agent Priscilla Cazier License #6501409399

    Listing office Keller Williams GR East 1555 Arboretum Dr. SE Ste 101, Grand Rapids, MI

    Listing date May 26, 2026

    MLS# 26024824

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 72.45‑acre waterfront industrial property featuring an impressive 9,000 feet of river frontage.
    • Includes an approximately 8‑acre private island.
    • Suitable for marine, industrial, and waterfront development such as a dry dock, marina, or shipyard.
    • Existing marine‑related equipment (tug boats, barges) may be available for separate purchase.
    • On‑site electric and substantial landscape stone already in place.
    • Potential for canal dredging and expanded waterfront functionality.

    Overview

    This unique waterfront industrial property in the Great Lakes region spans approximately 72.45 acres and features approximately 9,000 feet of river frontage, including an approximately 8-acre private island. The property offers potential for marine, industrial, and waterfront development, and is suited for a dry dock, marina, shipyard, marine repair facility, barge operation, industrial waterfront development, aggregate transfer site, or large-scale recreational waterfront concept. The property features electric on site, good sand, substantial landscape stone already in place, and the potential for canal dredging and expanded waterfront functionality. Existing marine-related equipment, tug boats, barges, and additional marine equipment may be available for purchase separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.92169
    Latitude
    43.460434

    Nearby Similar for Sale

    • $650,000
      5,160 SF

      Turnkey Restaurant Opportunity in Saginaw

      Fully equipped restaurant/bar on 1.6 acres, ready for operation.
      5530 Gratiot, Saginaw, MI 48638
      View Details
    • $150,000
      4,679 SF

      Historic Commercial Building on Full Block

      Historic commercial building with modern upgrades and flexible mixed-use potential.
      827 N Michigan Avenue, Saginaw, MI 48602
      View Details
    • $799,500
      10,000 SF

      Saginaw Event Center For Sale

      Two-level event center known for concerts and live music.
      110 Florence, Saginaw, MI 48602
      View Details
    • $299,000
      5,896 SF

      Saginaw Township Commercial Building

      Turnkey investment opportunity with multiple offices, meeting rooms, and amenities.
      3167 Enterprise, Saginaw, MI 48603
      View Details
    • $499,999
      5,000 SF

      Renovated Commercial Building, Saginaw Township

      Turn-key commercial property in a premier, high-traffic Saginaw location.
      3061 Christy, Saginaw, MI 48604
      View Details
    • $209,000
      2,748 SF

      Saginaw Township Medical Office Space

      Medical office space in Saginaw Township, move-in ready condition.
      5605 N Colony, Saginaw, MI 48638
      View Details
    • $525,000
      1,718 SF

      Gas and Service Station Package

      Five parcels including gas station, bar, and truck rental.
      1419 Davenport, Saginaw, MI 48602
      View Details
    • $324,999
      6,809 SF

      Versatile Commercial Property Near Downtown

      Multi-use commercial property with bonus lot near downtown Saginaw.
      1209 Wadsworth Road, Saginaw, MI 48607
      View Details
    • $459,900
      5,207 SF

      Commercial Building on 1.3 Acres

      Three-suite commercial building with plentiful parking on 1.3 acres.
      3150 Hallmark, Saginaw, MI 48603
      View Details
    • $80,000
      14,986 SF

      Historic Saginaw Church Building

      Landmark church with redevelopment potential in Saginaw, Michigan.
      612 N Michigan, Saginaw, MI 48602
      View Details
    • $124,900
      2,556 SF

      Income-Producing Multi-Family Property

      Three-unit property with long-term tenants and income potential.
      515 N Harrison, Saginaw, MI 48602
      View Details
    • $649,999
      9,920 SF

      Multi-Storefront Property on Bay Road

      Established commercial property with high visibility and income potential.
      Saginaw, MI 48603
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Unique waterfront industrial property with development potential in Saginaw, MI.
    Where is this waterfront land located?
    The property is located at 4008 Carrollton Drive Saginaw, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 72.45‑acre waterfront industrial property featuring an impressive 9,000 feet of river frontage.; Includes an approximately 8‑acre private island.; Suitable for marine, industrial, and waterfront development such as a dry dock, marina, or shipyard.
    (616) 644-5398
    We can help!
    Listing Contact
    Priscilla Cazier
    Real Estate License ID: 6501409399
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4008 Carrollton Drive, Saginaw, MI 48604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!