Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Saginaw Medical Building For Sale Title is generated by Realmo AI

    920 North Niagara, Saginaw, MI 48602

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,509,790

    Single tenant Fresenius Medical Care building in Saginaw, Michigan.

    Type:Retail
    Property size:
    12,221 SF
    Lot size:
    1.63 Acres
    Price / SF:
    $123/SF
    Added:
    Mar 5, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 920 North Niagara

    General Information

    Standard status
    Active
    Size
    12,221 SF
    Lot size
    1.63 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Dominic MacDonald
    Dominic MacDonald

    Listing agent Dominic MacDonald License ##6506047766

    Listing office Legacy Real Estate Advisors

    Listing date Mar 5, 2026

    Source Legacycrea

    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 Legacy Real Estate Advisors

    HighLights

    • Single tenant free‑standing building leased to Fresenius Medical Care
    • NN lease structure with minimal landlord responsibilities
    • High traffic location: 14,900+ vehicles pass site daily
    • Dense community: 67,500+ people reside within 3 mile radius
    • 12,221 SF building on 1.63 acres with excellent parking and repurposing potential
    • 32 dialysis stations running 2 shifts, Monday‑Saturday

    Overview

    This single-tenant, free-standing building is occupied by Fresenius Medical Care and is situated in Saginaw, Michigan. The property features a NN lease structure, implying minimal landlord responsibilities. The building has 12,221 square feet of space and is located on a 1.63-acre lot, providing parking space and opportunities to repurpose. The facility contains 32 dialysis stations and operates two shifts from Monday through Saturday. The surrounding community is densely populated, with over 8,100 residents within a 1-mile radius and over 67,500 residents within a 3-mile radius. The location benefits from high traffic counts, with over 14,900 vehicles passing the site daily on Holland Street. The site is in close proximity to the Saginaw Zoo and St Mary's Hospital. There are over 20,700 daytime employees within a 1-mile radius of the site.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $1.03M
    NOI $92,496 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.32M
    NOI $92,496 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.85M
    NOI $92,496 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $176.0k $14.40
    − Vacancy −$21.8k −$1.79
    EGI $154.2k $12.61
    − OpEx −$61.7k −$5.05
    NOI $92.5k $7.57
    12,221 SF · lease $14.40/SF/yr · vacancy 12.40% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $1.32M
    $1.16M – $1.54M (±1% cap)
    NOI $92,496 @ 7.0% cap · market cap 6.13%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.26M
    $1.98M – $2.63M (±1% cap)
    NOI $158,054 @ 7.0% cap · market cap 10.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Saginaw Peptide Therapy ... Medical Clinic Fresenius Medical Clinic Fresenius Kidney Care ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.9537
    Latitude
    43.4214

    Nearby Similar for Sale

    • $650,000
      5,160 SF

      Turnkey Restaurant Opportunity in Saginaw

      Fully equipped restaurant/bar on 1.6 acres, ready for operation.
      5530 Gratiot, Saginaw, MI 48638
      View Details
    • $799,500
      10,000 SF

      Saginaw Event Center For Sale

      Two-level event center known for concerts and live music.
      110 Florence, Saginaw, MI 48602
      View Details
    • $299,000
      5,896 SF

      Saginaw Township Commercial Building

      Turnkey investment opportunity with multiple offices, meeting rooms, and amenities.
      3167 Enterprise, Saginaw, MI 48603
      View Details
    • $499,999
      5,000 SF

      Renovated Commercial Building, Saginaw Township

      Turn-key commercial property in a premier, high-traffic Saginaw location.
      3061 Christy, Saginaw, MI 48604
      View Details
    • $209,000
      2,748 SF

      Saginaw Township Medical Office Space

      Medical office space in Saginaw Township, move-in ready condition.
      5605 N Colony, Saginaw, MI 48638
      View Details
    • $525,000
      1,718 SF

      Gas and Service Station Package

      Five parcels including gas station, bar, and truck rental.
      1419 Davenport, Saginaw, MI 48602
      View Details
    • $324,999
      6,809 SF

      Versatile Commercial Property Near Downtown

      Multi-use commercial property with bonus lot near downtown Saginaw.
      1209 Wadsworth Road, Saginaw, MI 48607
      View Details
    • $459,900
      5,207 SF

      Commercial Building on 1.3 Acres

      Three-suite commercial building with plentiful parking on 1.3 acres.
      3150 Hallmark, Saginaw, MI 48603
      View Details
    • $80,000
      14,986 SF

      Historic Saginaw Church Building

      Landmark church with redevelopment potential in Saginaw, Michigan.
      612 N Michigan, Saginaw, MI 48602
      View Details
    • $649,999
      9,920 SF

      Multi-Storefront Property on Bay Road

      Established commercial property with high visibility and income potential.
      Saginaw, MI 48603
      View Details
    • $274,900
      8,146 SF

      Saginaw Commercial Property For Sale

      Versatile commercial property with modern upgrades and ample parking.
      1115 E GENESEE Avenue, Saginaw, MI 48607
      View Details
    • $197,000
      5,050 SF

      Saginaw Township Office Building

      5,050 SF office building in Saginaw Township business district.
      3239 Christy Way, Saginaw, MI 48603
      View Details

    FAQs

    What type of property is this?
    Medical center - Single tenant Fresenius Medical Care building in Saginaw, Michigan.
    Where is this medical center located?
    The property is located at 920 North Niagara Saginaw, MI.
    What is the asking price?
    The asking price for this property is $1,509,790.
    What are key features of this property?
    This property features: Single tenant free‑standing building leased to Fresenius Medical Care; NN lease structure with minimal landlord responsibilities; High traffic location: 14,900+ vehicles pass site daily
    (248) 450-3250
    We can help!
    Listing Contact
    Dominic MacDonald
    Dominic MacDonald
    Real Estate License ID: #6506047766
    Learn More
    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
    920 North Niagara, Saginaw, MI 48602
    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!