Retail Building with Updated
For Sale
Contact for pricing
8390 Gratiot, Saginaw, MI 48609
Versatile commercial layout accommodates retail, office, medical, and service uses.
Property Size4,000 SF
Price / SF$125
Days on Market56
Property Features for 8390 Gratiot
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Meijer
Building Details
Year Built
1980
Buildings
1
Listing Agency:
CENTURY 21 Signature Realty
Listed By:
Kenneth Kujawa · License #6502333762
(989) 921-7000
Source:
Crexi
Added: Aug 12
Changed: Sep 23
Last Checked: Oct 5 at 5:53PM
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 CENTURY 21 Signature Realty
Investment Insights
Based on property information with market context.
This 4,000-square-foot retail property was built in 1980 and includes updated flooring with a flexible interior layout. The space is suited to retail, office, medical, or service-oriented occupancy, providing a practical configuration for several commercial applications.
Located at 8390 Gratiot in Saginaw, Michigan, the building occupies a Meijer outlot in Thomas Township. Its position offers exposure along a heavily trafficked commercial corridor, with convenient access for customers and occupants. The property combines a recognizable retail setting with a versatile building format for an owner-user or operator seeking a commercial location.
Located at 8390 Gratiot in Saginaw, Michigan, the building occupies a Meijer outlot in Thomas Township. Its position offers exposure along a heavily trafficked commercial corridor, with convenient access for customers and occupants. The property combines a recognizable retail setting with a versatile building format for an owner-user or operator seeking a commercial location.
Key Highlights
- 4,000‑square‑foot commercial building
- Built in 1980
- Updated flooring and flexible interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,792
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,840
$595.8K
Cap Rate 7%
$425,600
$425.6K
Cap Rate 9%
$331,022
$331.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$51.8K $12.96/SF
− Vacancy
−$9.3K −$2.32/SF
EGI
$42.6K $10.64/SF
− OpEx
−$12.8K −$3.19/SF
NOI
$29.8K $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%
$595,840
Cap Rate 7%
$425,600
Cap Rate 9%
$331,022
Alternative Uses
Best Use
Retail
$425.6K
$372.4K – $496.5K
NOI $29,792 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$739.0K
$646.7K – $862.2K
NOI $51,732 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 48609, MI
12,082
Population
5,494
Households
2.2
Avg Household Size
50
Median Age
26%
College-Educated
93%
High-School Grad
44.8 sq mi
ZIP Area
270
Density / Sq Mi
$78,800
Median Household Income
$43,865
Median Earnings
$903
Median Rent
$166,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial layout accommodates retail, office, medical, and service uses.
Where is this retail space located?
The property is located at 8390 Gratiot Saginaw, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,000‑square‑foot commercial building; Built in 1980; Updated flooring and flexible interior layout
