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    301 Genesee Ave Saginaw, MI 48607

    Sponsored
    For Sale
    $1,495,000

    Prime location, 25,000 SF office building.

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional five-story, 25,000 square foot traditional office building presents a compelling investment opportunity in the heart of Saginaw, Michigan. Located at 301 E Genesee Ave, this property boasts a prime downtown location, offering unparalleled convenience and visibility. Built in 1925 and extensively renovated in 1987, the building is in excellent condition and benefits from a Gross Lease structure with multi-tenant occupancy. The asking price is $1,495,000, translating to a price per square foot of $59.80. The 0.24-acre lot is zoned 201, providing flexibility for future development or expansion. Its strategic location places it adjacent to Delta College and WNEM TV 5, ensuring high foot traffic and strong brand recognition. This is a rare opportunity to acquire a well-maintained, historically significant building in a thriving urban area. The owner's retirement makes this a particularly timely acquisition for discerning investors seeking a stable, income-generating asset in a desirable Michigan location. The building's substantial size and prime location offer significant potential for long-term growth and return on investment.

    Property Features for 301 Genesee Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    25,000 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built/Renovated
    1925/1987
    Stories
    5

    HighLights

    • Exceptional five‑story, 25,000 square foot office building in downtown Saginaw, MI.
    • Prime downtown location at 301 E Genesee Ave, offering high visibility and convenience.
    • Built in 1925, extensively renovated in 1987; excellent condition.
    • Gross lease structure with multi‑tenant occupancy; asking price $1,495,000 ($59.80/SF).
    • 0.24‑acre lot, zoned 201; adjacent to Delta College and WNEM TV 5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jennifer Page Social Worker Medwins Pharmacy Pharmacy The State Bank Bank Sacred Heart Rehabilitation ... Rehabilitation Center Saginaw Downtown Development City Government Office

    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
    -83.9375294
    Latitude
    43.4333148

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 25,000 SF office building.
    Where is this office property / space located?
    The property is located at 301 Genesee Ave Saginaw, MI.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Exceptional five-story, 25,000 square foot office building in downtown Saginaw, MI.; Prime downtown location at 301 E Genesee Ave, offering high visibility and convenience.; Built in 1925, extensively renovated in 1987; excellent condition.
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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
    301 Genesee Ave Saginaw, MI 48607
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