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    1716 Jefferson Ave Saginaw, MI 48601

    Sponsored
    For Sale
    $295,000

    Cannabis-ready warehouse, ideal location.

    Property size:
    9,275 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 9,275 square foot warehouse, situated on a 0.78-acre lot in Saginaw, Michigan (48601), presents a unique investment opportunity. Built in 1945, the property boasts 14+ foot ceiling heights, a 480V/3-phase power system, and an automatic gate, making it well-suited for various industrial uses. Its strategic location offers seamless access to major highways I-75 and I-96, providing excellent transportation links within Michigan's thriving cannabis market. Importantly, the property has municipal approval for a Class C recreational cultivation license and is eligible for processing, secure transport, or safety compliance licenses. The building offers ample room for expansion towards the rear. The asking price is $295,000. Financing options include a $195,000 down payment with $100,000 seller-financed over two years at 8% interest, amortized over 30 years. Alternatively, a lease option of $8,500 per month (NNN) is available. This property is approximately one hour from Oakland County.

    Property Features for 1716 Jefferson Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    9,275 SF
    Lot Size
    33,977 SF

    Building Details

    Year Built
    1945

    HighLights

    • 9,275 SF vacant warehouse on a 0.78‑acre lot in Saginaw, MI.
    • Municipally approved for Class C recreational cultivation; eligible for processing, secure transport, and safety compliance.
    • Strategically located near I‑75 and I‑96 for easy access to Michigan's cannabis market.
    • Features 480V/3‑phase power and 14+ ft. ceiling heights.
    • Asking price: $295,000; financing options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jds lawncare & snow ... Lawn Care Service

    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
    -83.943042
    Latitude
    43.4132683

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    FAQs

    What type of property is this?
    Distribution property - Cannabis-ready warehouse, ideal location.
    Where is this distribution property located?
    The property is located at 1716 Jefferson Ave Saginaw, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 9,275 SF vacant warehouse on a 0.78-acre lot in Saginaw, MI.; Municipally approved for Class C recreational cultivation; eligible for processing, secure transport, and safety compliance.; Strategically located near I-75 and I-96 for easy access to Michigan's cannabis market.
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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
    1716 Jefferson Ave Saginaw, MI 48601
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