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    516 Cleveland St Saginaw, MI 48602

    For Sale
    $294,500

    Profitable Auto Repair Business, 6,637 SF

    Property size:
    6,637 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use investment opportunity presents a fully operational auto repair facility located at 516 Cleveland St, Saginaw, MI 48602. The property, built in 1951 and renovated in 1990, boasts a substantial 6,637 square feet of space, currently operating at 100% occupancy. The asking price is $294,500, translating to $44.37 per square foot. The building is classified as Class B and sits on a sizable 16,177 square foot lot, zoned RMU. A key feature is the inclusion of all business and personal property, significantly enhancing the value proposition. Personal property includes valuable equipment such as a paint booth, paint supplies, an alignment rack, and a hoist, ready for immediate use. The property consists of one single-story building. Further adding to its appeal is a large, fenced-in 9,540 square foot parking lot situated across the street, providing ample space for customer vehicles and operational needs. This turnkey operation is offered under an LLC ownership structure, presenting a rare opportunity for owner/users seeking a profitable and established business in a prime Saginaw location. The property's strong history and existing infrastructure provide a solid foundation for continued success and growth. This is an ideal opportunity for an experienced entrepreneur or investor looking for a well-established, profitable business with significant assets included in the sale.

    Property Features for 516 Cleveland St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,637 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1951/1990
    Buildings
    1
    Stories
    1

    HighLights

    • Mixed‑use investment opportunity: 6,637 SF auto repair facility, 100% occupied.
    • Asking price: $294,500 ($44.37/SF).
    • Class B building, 16,177 SF lot, RMU zoning.
    • Includes all business and personal property (paint booth, alignment rack, hoist, etc.).
    • Large, fenced 9,540 SF parking lot across the street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.962072
    Latitude
    43.4200539

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable Auto Repair Business, 6,637 SF
    Where is this mixed-use property located?
    The property is located at 516 Cleveland St Saginaw, MI.
    What is the asking price?
    The asking price for this property is $294,500.
    What are key features of this property?
    This property features: Mixed-use investment opportunity: 6,637 SF auto repair facility, 100% occupied.; Asking price: $294,500 ($44.37/SF).; Class B building, 16,177 SF lot, RMU zoning.
    Request Owner's contact information
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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
    516 Cleveland St Saginaw, MI 48602
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