Saint Charles Investment
910 N Saginaw St Saint Charles, MI 48655
910 N Saginaw St, Saint Charles, MI, 48655
Contact for pricing
For Sale
Contact for pricing
Fully leased 6,000 SF building with additional 1-acre lot.
Property Size6,000 SF
Lot Size1.00 Acre
Price / SF$65.83
Days on Market796
Property Features for 910 N Saginaw St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1940
Listing Agency
The Miller Group of Saginaw Inc
Listed by
Robert Morford · License #MI 6502366247
Source
Crexi
Added: May 13, 2024 Checked: Jul 17 at 9:33 am
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 The Miller Group of Saginaw Inc
Investment Insights
Based on property information with market context.
This 6,000 square foot building is located in Saint Charles, Michigan. Originally constructed as a car dealership, the building includes an 1,800 sq. ft. garage area. Situated on Main Street, the property is suitable for retail, wholesale, and manufacturing purposes. The sale price includes an additional 1-acre lot located behind the building. The building is currently fully leased, presenting an investment opportunity.
Key Highlights
- Fully leased 6,000 square foot building offers immediate investment income.
- Versatile building suitable for retail, wholesale, or manufacturing.
- Includes an additional 1‑acre lot behind the building.
Local Financial Insights For Industrial
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 | $46.8k | $7.80 |
| − Vacancy | −$2.1k | −$0.35 |
| EGI | $44.7k | $7.45 |
| − OpEx | −$13.4k | −$2.23 |
| NOI | $31.3k | $5.21 |
6,000 SF · lease $7.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 12.30%
Second Best
Retail
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 11.31%
Theoretical Best
Specialty Retail
$1.11M
$970.0K – $1.29M
NOI $77,598 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully leased 6,000 SF building with additional 1-acre lot.
Where is this mixed-use property located?
The property is located at 910 N Saginaw St Saint Charles, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully leased 6,000 square foot building offers immediate investment income.; Versatile building suitable for retail, wholesale, or manufacturing.; Includes an additional 1‑acre lot behind the building.
