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    515 Washington Ave Saginaw, MI 48607

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Saginaw office, multiple suites available

    Lot size:
    58,211 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional seven-story office building, located at 515 N Washington Ave in Saginaw, Michigan, 48607, presents a unique investment opportunity. Built in 1962, the 58,211 square foot building offers a variety of office space options, suitable for traditional office setups, creative work environments, co-working spaces, or executive offices. The property sits on seven acres of land and boasts multiple tenancies, with three units currently available on the fourth floor, totaling approximately 2,000 square feet. Individual suites range from 260 to 1,023 square feet, providing flexibility for businesses of various sizes. The building features elevators for convenient access to all seven floors. Currently, 2,043 square feet of space is vacant. Ample parking is available, and the location offers stunning river views. This prime downtown Saginaw location provides excellent visibility and accessibility. The property's versatility and desirable location make it an ideal choice for businesses seeking a prominent presence in the heart of Saginaw. Don't miss this chance to secure your space in this well-established building.

    Property Features for 515 Washington Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,211 SF
    Total Rate
    67912.83

    Building Details

    Year Built
    1962
    Stories
    7

    Unit(s) available at that property

    Space
    Suite 403
    Size
    1,023 SF
    Rate per SF
    $14
    Space
    Suite 402
    Size
    760 SF
    Rate per SF
    $14
    Space
    Suite 407
    Size
    260 SF
    Rate per SF
    $14
    Property Profile Location Intelligence

    Current Use by Public Records

    Saginaw Future Inc. Non-Profit Organization NAACP Saginaw Branch Social Services Organization Procurement Technical Assistance ... Counselor MI Home Rx Pharmacy Great Lakes Bay ... Tourist Information Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.937258967615
    Latitude
    43.438290384328

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    FAQs

    What type of property is this?
    Coworking space - Prime Saginaw office, multiple suites available
    Where is this coworking space located?
    The property is located at 515 Washington Ave Saginaw, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    Request Owner's contact information
    515 Washington Ave Saginaw, MI 48607
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    Saginaw, MI 48607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Washington Ave Saginaw, MI 48607
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