Drive-Thru Retail Office
For Sale
Contact for pricing
6161 State St, Saginaw, MI 48638
Converted bank building offers drive-thru capability and about 2,574 SF on 0.918 acres.
Property Size2,574 SF
Lot Size0.92 Acres
Price / SF$174.83
Days on Market90
Property Features for 6161 State St
General Information
Standard status
Active
Size
2,574 SF
Lot size
0.92 Acres
Property subtype
OFFICE
Listing Agency:
Trademark Commercial Group
(989) 295-0353
Listed By:
Gretchen Witherspoon,SIOR,CCIM
(989) 295-0353
Source:
Moodyscre
Added: May 4
Changed: Jul 27
Last Checked: Jul 31 at 12:39PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
This retail/office/drive-thru building was originally constructed as a bank and has since been converted to physical therapy/medical use. The property is approximately 2,574 SF and sits on 0.918 acres.
Located at 6161 State St in Saginaw, MI 48638, the building is described as having high visibility along State St. The layout and drive-thru configuration may support office, retail, or food use, subject to applicable requirements.
The asset presents a redevelopment opportunity for an owner-operator or investor looking for a building with an adaptable interior and a drive-thru component.
Located at 6161 State St in Saginaw, MI 48638, the building is described as having high visibility along State St. The layout and drive-thru configuration may support office, retail, or food use, subject to applicable requirements.
The asset presents a redevelopment opportunity for an owner-operator or investor looking for a building with an adaptable interior and a drive-thru component.
Key Highlights
- Retail/office/drive‑thru building with approximately 2,574 SF.
- Situated on 0.918 acres.
- Originally built as a bank building and converted for physical therapy/medical use.
Financial Insights For Office B
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 | $38.6k | $15.00 |
| − Vacancy | −$5.0k | −$1.95 |
| EGI | $33.6k | $13.05 |
| − OpEx | −$8.4k | −$3.26 |
| NOI | $25.2k | $9.79 |
2,574 SF · lease $15.00/SF/yr · vacancy 13.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$359.9K
$314.9K – $419.9K
NOI $25,193 @ 7.0% cap · market cap 5.60%
Second Best
Healthcare Medical
$278.3K
$243.5K – $324.7K
NOI $19,482 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$475.6K
$416.1K – $554.8K
NOI $33,290 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Converted bank building offers drive-thru capability and about 2,574 SF on 0.918 acres.
Where is this medical center located?
The property is located at 6161 State St Saginaw, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Retail/office/drive‑thru building with approximately 2,574 SF.; Situated on 0.918 acres.; Originally built as a bank building and converted for physical therapy/medical use.
