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    11901 Saginaw St Mount Morris, MI 48458

    Sponsored
    For Sale
    Contact for pricing

    Prime retail space, vacant, high traffic corner.

    Property size:
    11,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 11,440-square-foot retail building, constructed in 2000, presents a compelling investment opportunity. Located on a 1.32-acre lot at the signalized corner of North Saginaw and West Mt. Morris Streets in Mt. Morris, Michigan, this Class B property boasts excellent visibility and accessibility. The building features 60 surface parking spaces, catering to ample customer convenience. The property is currently vacant, offering a blank canvas for a new tenant or owner-occupier. With a remaining lease term of 10 years, this fee simple ownership provides long-term potential. The high-traffic location benefits from significant daily vehicle counts: 9,000 vehicles per day on North Saginaw Street and 6,000 vehicles per day on West Mt. Morris Street. The surrounding area includes established residential subdivisions, contributing to a strong customer base. The average household income within a five-mile radius is $54,000, indicating a healthy consumer market. This former pharmacy/drug store offers a versatile space suitable for a variety of retail uses. The property's size, location, and parking make it an ideal investment for a discerning buyer. The zip code is 48458.

    Property Features for 11901 Saginaw St

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,440 SF
    Class
    B
    Lot Size
    57,499 SF

    HighLights

    • 2000 Construction Year
    • 11,440 SF Building on 1.58 Acres
    • 60 Surface Parking Spaces
    • Signalized Corner Lot at N Saginaw & W Mt. Morris Streets
    • High Traffic Count: 9,000 VPD on N Saginaw, 6,000 VPD on W Mt. Morris
    • Excellent Location near Established Subdivisions
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Morris
    County
    Genesee
    State
    Michigan
    Longitude
    -83.694511327849
    Latitude
    43.119784410143

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    FAQs

    What type of property is this?
    Individual retail property - Prime retail space, vacant, high traffic corner.
    Where is this individual retail property located?
    The property is located at 11901 Saginaw St Mount Morris, MI.
    What are key features of this property?
    This property features: 2000 Construction Year; 11,440 SF Building on 1.58 Acres; 60 Surface Parking Spaces
    Request Owner's contact information
    11901 Saginaw St Mount Morris, MI 48458
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    Mount Morris, MI 48458
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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
    11901 Saginaw St Mount Morris, MI 48458
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