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    5820 Gratiot Ave Saginaw, MI 48638

    Sponsored
    For Sale
    $499,000

    Prime Medical/Commercial Office Building

    Property size:
    7,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 7,706 square foot Class B office building, situated on a 1.04-acre lot in Saginaw Township, Michigan, presents a unique investment opportunity. Currently 100% occupied with a single tenant under a Net-Net lease, the property boasts a beautifully updated interior and exterior. The main level encompasses 5,228 square feet of well-maintained office space, complemented by an additional 2,478 square feet in a lower level featuring egress. Recent improvements include new asphalt paving (2021), a new air conditioning system (2019), and a new furnace (2018). The property also benefits from updated landscaping and two 200-amp service panels, ensuring ample power. The building's flexible layout allows for potential splitting into smaller units to accommodate multiple tenants. Located at 5820 Gratiot, Saginaw, MI 48638, this property is ideal for owner-occupiers seeking a move-in ready space or investors looking for a stable, high-occupancy asset. The enclosed egress to the lower level adds to the functionality and versatility of this well-maintained commercial property. This is a rare opportunity to acquire a high-quality medical office building in a desirable location. The asking price is $499,000.

    Property Features for 5820 Gratiot Ave

    General Information

    Property type
    Medical offices
    Square Feet
    7,706 SF
    Class
    B
    Lot Size
    45,302 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.0305867
    Latitude
    43.4160685

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Commercial Office Building
    Where is this medical office located?
    The property is located at 5820 Gratiot Ave Saginaw, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    Request Owner's contact information
    5820 Gratiot Ave Saginaw, MI 48638
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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
    5820 Gratiot Ave Saginaw, MI 48638
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