Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Saint Charles Investment Opportunity Title is generated by Realmo AI

    910 N Saginaw St, Saint Charles, MI 48655

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fully leased 6,000 SF building with additional 1-acre lot.

    Type:Mixed Use
    Property size:
    6,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $65/SF
    Added:
    May 13, 2024
    Days on Market:
    751
    Last Refresh:
    May 12 at 10:01 pm

    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

    We can help!

    Listing Contact
    Robert Morford

    Listing agent Robert Morford License #MI 6502366247

    Listing office The Miller Group of Saginaw Inc

    Listing date May 13, 2024

    Source Crexi

    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

    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.
    • Features an 1,800 sq. ft. garage area.
    • Located on Main Street in St. Charles, Michigan.
    • Originally built as a car dealership.

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Charles
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.14335
    Latitude
    43.30326

    Nearby Similar for Sale

    • $289,000
      6,800 SF

      Commercial/Industrial Property in Saint Charles

      Versatile commercial buildings totaling 6,800 SF on 0.6 acres.
      653 Chesaning, Saint Charles, MI 48655
      View Details
    • $119,900
      2,343 SF

      Saint Charles Multi-Family Property

      Two-unit property in Saint Charles, Michigan, fully rented.
      812 Sanderson, Saint Charles, MI 48655
      View Details
    • $174,900
      2,716 SF

      Saint Charles Multi-Family Investment

      Four-unit property in Saint Charles, Michigan. Investment opportunity.
      710 Chesaning, Saint Charles, MI 48655
      View Details
    • $289,000
      6,800 SF

      Commercial Buildings on Highly Visible Road

      Commercial buildings suitable for mixed use, automotive, storage, and more.
      653 Chesaning St, St. Charles, MI 48655
      View Details
    • $300,000

      St. Charles Ranch Duplex

      Charming duplex with income potential in St. Charles, Michigan.
      225 Charles St, St. Charles, MI 48655
      View Details
    • $129,000

      Two-Unit Investment Property Available

      Two-unit property with spacious lot and ample parking.
      812 Sanderson St, St. Charles, MI 48655
      View Details
    • $3,750,000
      99,672 SF

      Industrial Property with Paved Parking

      Manufacturing and industrial property with ample parking, available for sale.
      7535 Martin Rd, Saint Charles, MI 48655
      View Details

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Morford
    Real Estate License ID: MI 6502366247
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    910 N Saginaw St, Saint Charles, MI 48655
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!