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    5050 Gratiot Rd Saginaw, MI 48603

    Sponsored
    For Sale
    $1,750,000

    11,114 SF Vacant Retail Building - $1.75M

    Property size:
    11,114 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,114 square foot retail property, located at 5050 Gratiot Road in Saginaw, Michigan, presents a significant investment opportunity. Situated on a prominent corner lot at the intersection of M-46 (Gratiot) and Center Road in Saginaw Township, this single-story, Class B building boasts high visibility and excellent accessibility. Built in 1999, the property is currently vacant and zoned B-3, offering a wide range of potential uses. The building's previous tenant was a Rite Aid pharmacy, suggesting its suitability for similar businesses or adaptable retail ventures. The asking price is $1,750,000, translating to a price per square foot of $157.46. With its substantial size and prime location, this property is ideal for an investor seeking a high-traffic retail space in a thriving Michigan community. The property features one unit within a single building and offers significant potential for a variety of retail uses given its size and location. The 48603 zip code ensures access to a robust consumer base. This is a rare opportunity to acquire a large, well-located retail space in a desirable market. Serious inquiries are encouraged.

    Property Features for 5050 Gratiot Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,114 SF
    Class
    B

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    James E. Weiss, ... Pharmacy Rite Aid Beauty Supply Store Western Union Money Transfer Service higi Health Consultant Ann Hetzner Pharmacy

    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
    -84.015618
    Latitude
    43.4158793

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    FAQs

    What type of property is this?
    Individual retail property - 11,114 SF Vacant Retail Building - $1.75M
    Where is this individual retail property located?
    The property is located at 5050 Gratiot Rd Saginaw, MI.
    What is the asking price?
    The asking price for this property is $1,750,000.
    Request Owner's contact information
    5050 Gratiot Rd Saginaw, MI 48603
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    Saginaw, MI 48603
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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
    5050 Gratiot Rd Saginaw, MI 48603
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