Entity Owned Property summary
This exceptional commercial property, located at 5090 State St, Saginaw, MI 48603, presents a compelling investment opportunity. Comprising three separate buildings, this 29,428 square foot complex offers versatile space suitable for executive, medical, or traditional office uses. Built in 1974, the two-story structures are situated on a prime Saginaw location, boasting high visibility and convenient access. The property is zoned for commercial use, providing flexibility for a variety of tenants. The asking price is $950,000, translating to $32.28 per square foot. Detailed rental and vendor information will be provided upon acceptance of an offer. Measurements are approximate. This property is an ideal investment for those seeking a multi-tenant office complex in a high-traffic area. The three buildings offer significant potential for rental income and long-term growth. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Photography Service
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Nightclub Music Venue
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Counselor Psychotherapist
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Hair Salon Nail Salon
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Wedding Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
B-1 Neighborhood Business The B-1 Neighborhood Business district is intended to provide a transition between more intensive districts and residential areas, with commercial uses and services that meet the needs of reside…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Saginaw, MIB-1 Neighborhood Business The B-1 Neighborhood Business district is intended to provide a transition between more intensive districts and residential areas, with commercial uses and services that meet the needs of reside…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
B-1 Neighborhood Business The B-1 Neighborhood Business district is intended to provide a transition between more intensive districts and residential areas, with commercial uses and services that meet the needs of reside…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Saginaw, MI.
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