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    8175 Gratiot Rd Saginaw, MI 48609

    Sponsored
    For Sale
    $1,900,000

    Multi-tenant retail complex, strong NOI.

    Property size:
    53,726 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a multi-tenant retail storefront complex located at 8175 Gratiot Rd, Saginaw, MI 48609. The property encompasses a substantial 53,726 square feet of retail space, with a net rentable area of 48,356 square feet, currently boasting 90% occupancy across three tenants under a modified lease structure. The property is comprised of eight buildings constructed between 1987 and 1995, situated on a 6.93-acre lot zoned for commercial use. Recent improvements include a newer front parking lot and roof replacements, contributing to the property's excellent condition. The asking price is $1,900,000, representing a price per square foot of $35.36 and a compelling 7.79% capitalization rate. The property generates a significant net operating income (NOI) of $147,984, providing a stable and attractive return on investment. This well-maintained, multi-tenant retail center offers a secure and profitable investment opportunity for discerning buyers seeking a strong cash flow and long-term growth potential in a desirable Saginaw location. The property's strong occupancy rate and recent upgrades ensure a low-risk, high-reward investment. This is a rare opportunity to acquire a well-established, income-producing retail property in a thriving commercial area.

    Property Features for 8175 Gratiot Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    53,726 SF
    Lot Size
    301,871 SF

    Building Details

    Buildings
    8

    HighLights

    • 53,726 square foot retail property with long‑term tenants.
    • 90% occupancy rate provides stable income.
    • Recently updated with new parking lot and roof.
    • Prime location offers strong investment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Gasser Hot ... Auto Body Shop MobilityWorks Car Dealer The Window and Door Depot Window Supplier Mid Michigan Restoration General Contractor

    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
    -84.074867
    Latitude
    43.4155684

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail complex, strong NOI.
    Where is this individual retail property located?
    The property is located at 8175 Gratiot Rd Saginaw, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 53,726 square foot retail property with long-term tenants.; 90% occupancy rate provides stable income.; Recently updated with new parking lot and roof.
    Request Owner's contact information
    8175 Gratiot Rd Saginaw, MI 48609
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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
    8175 Gratiot Rd Saginaw, MI 48609
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