Multi-Suite Retail
500-8200 S Saginaw St Grand Blanc, MI 48439
For Sale
$2,200,000
Well-maintained retail building with six individually leased suites, each featuring a private entrance.
Property Size12,024 SF
Price / SF$182.97
Days on Market365
Property Features for 500-8200 S Saginaw St
General Information
Standard status
Active
Size
12,024 SF
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Est
(810) 695-1990
Listed By:
Julie Wyland · License #6501425953
(810) 695-1990
Source:
Exprealty
Added: Jul 31, 2025
Changed: Jul 26
Last Checked: Jul 29 at 12:22PM
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 Berkshire Hathaway HomeServices Michigan Real Est
Investment Insights
Based on property information with market context.
This for-sale retail property is a well-maintained building configured with six individual suites, and each suite has its own private entrance. All six suites are currently leased to long-term, established tenants, providing an investor with in-place occupancy.
The property is located along S Saginaw St in Grand Blanc, positioned in a retail corridor environment.
The building’s multi-suite setup supports multiple tenant users under one ownership, with direct, suite-level access for day-to-day operations.
The property is located along S Saginaw St in Grand Blanc, positioned in a retail corridor environment.
The building’s multi-suite setup supports multiple tenant users under one ownership, with direct, suite-level access for day-to-day operations.
Key Highlights
- Well‑maintained retail building with six individual suites
- Each suite has a private entrance for tenant convenience
- All six suites are currently leased to long‑term, established tenants
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 | $186.1k | $15.48 |
| − Vacancy | −$7.8k | −$0.65 |
| EGI | $178.3k | $14.83 |
| − OpEx | −$53.5k | −$4.45 |
| NOI | $124.8k | $10.38 |
12,024 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,820 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,112 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail building with six individually leased suites, each featuring a private entrance.
Where is this retail space located?
The property is located at 500-8200 S Saginaw St Grand Blanc, 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: Well‑maintained retail building with six individual suites; Each suite has a private entrance for tenant convenience; All six suites are currently leased to long‑term, established tenants
