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Medical Office Suite with Exam Rooms
For Sale
$175,000

5605 N Colony Drive, Saginaw, MI 48638

COM/IND/BUS OPP, Saginaw, MI

Property Size2,748 SF
Lot Size1.01 Acres
Price / SF$63.68
Days on Market208

Property Features for 5605 N Colony Drive

General Information

Property type Commercial Sale
Property subtype Other
Parking features Parking Lot
Lot features Office Park
Subdivision Saginaw Twp (73020)
Standard status Active
APN 23-12-4-29-2004-002
Size 2,748 SF
Lot size 1.01 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 17291

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1983
Listing Agency: Century 21 Signature Realty · Century 21 Real Estate
Listed By: Mark Greskowiak · License #6506036834
Added: Feb 9 Changed: Sep 5 Last Checked: Sep 5 at 7:06PM
MLS# 50199087

Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This medical office component occupies 35% of the overall building and contains 2,748 square feet. The layout includes a generous waiting area, reception desk, private office, six exam rooms, a laboratory, kitchenette, conference room, two private restrooms, and several storage areas. A shared entry area provides additional waiting space and public restrooms for visitors.

The property is in Saginaw Township near M46 and is surrounded by other office uses. Building systems include forced-air heating and central air conditioning, with public water service and on-site parking provided through a parking lot. Constructed in 1983, the space offers a defined medical-office configuration within a larger commercial building.

Key Highlights

  • 2,748‑square‑foot medical office space comprising 35% of the building
  • Six exam rooms plus dedicated laboratory and kitchenette areas
  • Reception, waiting area, private office, conference room, and multiple storage spaces

Property Analytics

Current Use

Lamb William J ... Dental Office Galsterer Endodontics Dental Office H2 Dermatology Physician Baumstark, Reynold J ... Dental Office Dental Implant Center Dental Office

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Auto Parts Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby
Balanced
Demand for This Use

Demographics for 48638, MI

13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Sheets Don DVM 305 N Center Rd, Saginaw, MI 48638
  • Dr. Tina Roggenbeck 305 N Center Rd, Saginaw, MI 48638
  • Veterinary Health Center 305 N Center Rd, Saginaw, MI 48638

Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured for clinical operations with reception, treatment rooms, laboratory space, and dedicated support areas.
Where is this medical office space located?
The property is located at 5605 N Colony Drive Saginaw, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,748‑square‑foot medical office space comprising 35% of the building; Six exam rooms plus dedicated laboratory and kitchenette areas; Reception, waiting area, private office, conference room, and multiple storage spaces
More about this property
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