Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 Center Rd Saginaw, MI 48638

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($1,505 /Mo)

    Prime Saginaw location, 1,505 sq ft.

    Lot size:
    1,505 SF

    Property Features for 220 Center Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,505 SF
    Total Rate
    1505

    Spaces For Lease

    at 220 Center Rd, Saginaw, MI 48638 Contact us
    Unit Available Space 1

    $12 /Mo

    Size
    1,505 SF
    Contact us

    We can help!

    Listing Contact
    Gretchen Witherspoon
    Gretchen Witherspoon

    Listing Agency: Trademark Commercial Group Listing Agent: Gretchen Witherspoon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1,505-square-foot retail and office space is ideally situated at 220 N. Center Road in Saginaw, Michigan, 48638. The property boasts a highly visible corner location at the intersection of Center Road and Gratiot Road (M-46), offering excellent exposure to high traffic volume. The building features a spacious, open showroom area perfect for retail displays or office layouts, complemented by two enclosed offices providing privacy for individual work or meetings. Additional space includes a rear storage/work room and a restroom. The property sits on a generous 4.7-acre lot, zoned RETAIL-OFFICE-DEVELOPMENT-FAST FOOD-MEDICAL-COMMERCIAL, offering significant potential for various business uses. The property is a multi-tenant building with one space currently available. Utilities, telecom/internet costs, and any necessary build-out or renovations are the responsibility of the tenant. This location offers a unique opportunity for businesses seeking a prominent presence in a thriving Saginaw commercial area, adjacent to Tim's Tony's. The APN is cpixax.
    Property Profile Location Intelligence

    Current Use by Public Records

    Developing Minds Tutoring Tutoring Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.014600274901
    Latitude
    43.416834835717

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      MI, Saginaw - Fashion Square Blvd

      Discover many ways to work your way in Democracy Plaza
      4200 Fashion Square Blvd, Saginaw, MI 48603
      View Details
    • $8 SF/Yr
      7,110 SF

      Office Building in Saginaw

      Office building for lease in Old Town Saginaw, Michigan.
      731 Gratiot Ave, Saginaw, MI 48602
      View Details
    • Contact for pricing
      2,500 SF

      Saginaw Township Office/Lab Space

      2500 SF office/lab space available for lease in Saginaw.
      2795 Universal Dr, Saginaw, MI 48603
      View Details
    • Contact for pricing
      4,645 SF

      Saginaw Executive Office Space

      Premier office space with conference room and kitchenette near I-675.
      4300 Fashion Square Blvd, Saginaw, MI 48603
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space with Warehouse

      Large retail space with warehouse area for lease.
      3901 Bay Rd, Saginaw, MI 48603
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Warehouse with Office Space

      Industrial/warehouse space with office, docks, and drive-in bay.
      280 Morley Dr, Saginaw, MI 48601
      View Details
    • Contact for pricing
      35,000 SF

      Prime Retail/Medical Office Space

      Retail and medical office spaces with high visibility and ample parking.
      3771-3805 N Michigan Ave, Saginaw, MI 48604
      View Details
    • Contact for pricing
      3,000 SF

      Kochville Township Office Suite

      Executive office suite in Kochville Township available for rent.
      5889 Bay Rd, Saginaw, MI 48604
      View Details
    • $6 SF/Yr
      3,240 SF

      Saginaw Township Office Space

      Prime Saginaw location, 3240 sq ft office.
      3480 Center Rd, Saginaw, MI 48603
      View Details
    • $15 SF/Yr
      534 SF

      Saginaw Executive Office Suite

      534 sq ft, all utilities included.
      3262 Cabaret Trl, Saginaw, MI 48603
      View Details
    • $9 SF/Yr
      1,333 SF

      Saginaw Retail/Office Space For Lease

      1333 sq ft, Single Tenant, Great Location
      4884 Gratiot Rd, Saginaw, MI 48638
      View Details
    • $25 SF/Yr
      8,000 SF

      Cardinal View Phase 2 Offices

      Saginaw, MI Office Suites Available
      6900 Bay Rd, Saginaw, MI 48604
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Saginaw location, 1,505 sq ft.
    Where is this restaurant located?
    The property is located at 220 Center Rd Saginaw, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,505 SF retail/office space at 220 N. Center Rd, Saginaw, MI 48638.; High-visibility corner location at Center & Gratiot Roads (M-46), high traffic.; Spacious showroom, two private offices, storage room, and restroom.
    (989) 792-2192
    Request Owner's contact information
    220 Center Rd Saginaw, MI 48638
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 Center Rd
    Saginaw, MI 48638
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    220 Center Rd Saginaw, MI 48638
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gretchen Witherspoon
    Gretchen Witherspoon
    Real Estate License ID: 6501316390
    (989) 792-2192 (989) 295-0353 (989) 792-6400
    Learn more
    Google sign-in failed. Please try again or use another login method.