Freestanding Retail Building with
For Sale
$450,000
6270 STATE Street, Saginaw, MI 48603
COM/IND/BUS OPP, Saginaw, MI
Property Size3,880 SF
Lot Size0.90 Acres
Price / SF$115.98
Days on Market48
Property Features for 6270 STATE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Main Street
Subdivision
Saginaw Twp (73020)
Standard status
Active
APN
23124184115000
Size
3,880 SF
Lot size
0.90 Acres
Utilities
Cooling system
Central Air
Water source
Public
Amenities
monument signage
Building Details
Year built
1970
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Ken Kujawa
(989) 239-5581
Added: Sep 11
Changed: Oct 8
Last Checked: Oct 28 at 6:06PM
MLS# 50221554
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.
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Investment Insights
Based on property information with market context.
This freestanding retail property contains 3,880 square feet in a single-story building constructed in 1970. Improvements include a drive-through, existing monument signage, central air, a parking lot, and public water service. The included property also features a contiguous vacant parcel, providing additional land alongside the existing building.
The property is located at 6270 State Street in Saginaw, Michigan, along the State Street corridor, identified as M-58. Approximately 42,050 vehicles travel the corridor each day, and the site provides 150 feet of frontage. B-1 General Business zoning applies to the property. Twenty on-site parking spaces serve the building, while the adjacent vacant parcel may support expansion, outdoor display, or future development subject to applicable approvals.
The property is located at 6270 State Street in Saginaw, Michigan, along the State Street corridor, identified as M-58. Approximately 42,050 vehicles travel the corridor each day, and the site provides 150 feet of frontage. B-1 General Business zoning applies to the property. Twenty on-site parking spaces serve the building, while the adjacent vacant parcel may support expansion, outdoor display, or future development subject to applicable approvals.
Key Highlights
- 3,880‑square‑foot freestanding retail building
- 150 feet of frontage on State Street (M‑58)
- Approximately 42,050 vehicles travel the corridor each day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,899
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,980
$578.0K
Cap Rate 7%
$412,843
$412.8K
Cap Rate 9%
$321,100
$321.1K
Market Conditions
NOI Build-Up for 3,880 SF
Gross rent
$50.3K $12.96/SF
− Vacancy
−$9.0K −$2.32/SF
EGI
$41.3K $10.64/SF
− OpEx
−$12.4K −$3.19/SF
NOI
$28.9K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,980
Cap Rate 7%
$412,843
Cap Rate 9%
$321,100
Alternative Uses
Best Use
Retail
$412.8K
$361.2K – $481.7K
NOI $28,899 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$716.9K
$627.3K – $836.3K
NOI $50,180 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
42,050 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 30%
Shops & Services 14%
Home Improvements & Furnishings 8%
Aldi
Groceries
21,186 visits/mo
0.3 miles
Applebee's
Dining
16,735 visits/mo
0.4 miles
Mister Car Wash
Shops & Services
7,028 visits/mo
0.3 miles
Wohlfeil Ace Hardware
Home Improvements & Furnishings
4,505 visits/mo
0.5 miles
Sally Beauty Supply
Beauty & Spa
2,272 visits/mo
0.5 miles
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Single-story format includes monument signage, customer parking, and a drive-through facility.
Where is this retail space located?
The property is located at 6270 STATE Street 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: 3,880‑square‑foot freestanding retail building; 150 feet of frontage on State Street (M‑58); Approximately 42,050 vehicles travel the corridor each day
