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    3424 Genesee Ave Saginaw, MI 48601

    Sponsored
    For Sale
    $1,600,000

    High-traffic location, 15,120 sq ft

    Property size:
    15,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,120 square foot retail property, formerly a Walgreens, is situated on a 1.51-acre lot at the highly visible northeast corner of Dixie Highway/E. Genesee Avenue and Hess Avenue in Saginaw, Michigan. The building boasts a prime location with strong visibility to all primary roads, ample parking, and multiple points of ingress and egress. Its flexible B-1 Local Business District zoning allows for a variety of uses, including retail, grocery, medical, office, or mixed-use developments. The property features a convenient drive-thru, large monument signage, and modern infrastructure within a well-maintained building. This freestanding structure offers an expansive layout adaptable to diverse business needs. Its location within a vibrant community ensures consistent foot traffic and customer engagement. The property is further enhanced by its designation as a Cannabis Green Zone. This presents a unique opportunity for a business seeking a high-visibility location in a thriving area. The asking price is $1,600,000.

    Property Features for 3424 Genesee Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,120 SF
    Class
    A
    Lot Size
    65,776 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 15,120 SF freestanding former Walgreens with drive‑thru, situated on a 1.51‑acre lot at the highly visible northeast corner of Dixie Hwy/E. Genesee Ave & Hess Ave, Saginaw, MI.
    • High visibility from all primary roads.
    • Large monument signage.
    • Multiple points of ingress and egress.
    • Includes a drive‑thru.
    • Designated Cannabis Green Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lalit Mahajan, RPH Pharmacy Western Union Money Transfer Service Niravkumar Gandhi Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.91214145
    Latitude
    43.40047433

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 15,120 sq ft
    Where is this individual retail property located?
    The property is located at 3424 Genesee Ave Saginaw, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 15,120 SF freestanding former Walgreens with drive-thru, situated on a 1.51-acre lot at the highly visible northeast corner of Dixie Hwy/E. Genesee Ave & Hess Ave, Saginaw, MI.; High visibility from all primary roads.; Large monument signage.
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    Saginaw, MI 48601
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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
    3424 Genesee Ave Saginaw, MI 48601
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