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    409 Genesee Ave Saginaw, MI 48602

    Sponsored
    For Lease
    Contact for pricing

    14,920 SF Freestanding Building, High Visibility

    Lot size:
    14,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,920-square-foot freestanding building is situated on a high-traffic signalized corner at 409 W Genesee Ave and Michigan Avenue in Saginaw, MI 48602. Previously a Walgreens, this single-tenant property boasts a 26.4-foot ceiling height and ample parking for 62 vehicles. The 1.36-acre lot is zoned RMU (Riverfront Mixed Use), offering versatility for various uses including retail, office, medical, or restaurant. Its prime location benefits from excellent visibility and accessibility, with convenient proximity to I-675. The property is ideally positioned within Saginaw's medical district, near Central Michigan University's medical school (future), Saginaw Valley State University's satellite campus (future), and Delta College's satellite campus (future), as well as major employers Covenant Hospital and MyMichigan Medical Center. Furthermore, its proximity to the Dow Event Center, Temple Theater, and Jolt Credit Union Event Park enhances its appeal. The spacious interior and adaptable layout provide endless opportunities for businesses seeking a prominent location in a thriving community. The entire building is currently vacant.

    Property Features for 409 Genesee Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,920 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    14,920 SF

    HighLights

    • 14,920 SF freestanding former Walgreens building on a signalized corner lot at W. Genesee Ave & Michigan Ave, Saginaw, MI.
    • High visibility from major roads with large monument signage.
    • Multiple points of ingress/egress and a drive‑thru.
    • 1.36‑acre lot zoned RMU (Riverfront Mixed Use), allowing for retail, office, medical, or restaurant uses.
    • Excellent location near major employers, including hospitals and universities, and attractions like the Dow Event Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thomas G. Puszykowski, ... Pharmacy FedEx OnSite Mailing Service Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm LibertyX Bitcoin ATM Atm

    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
    -83.948390830662
    Latitude
    43.43462695376

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    FAQs

    What type of property is this?
    Restaurant - 14,920 SF Freestanding Building, High Visibility
    Where is this restaurant located?
    The property is located at 409 Genesee Ave Saginaw, MI.
    What are key features of this property?
    This property features: 14,920 SF freestanding former Walgreens building on a signalized corner lot at W. Genesee Ave & Michigan Ave, Saginaw, MI.; High visibility from major roads with large monument signage.; Multiple points of ingress/egress and a drive-thru.
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    409 Genesee Ave Saginaw, MI 48602
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    Saginaw, MI 48602
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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
    409 Genesee Ave Saginaw, MI 48602
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