Retail Corner
9978 Saginaw Street Reese, MI 48757
For Sale
$269,000
Corner commercial site with a shared-wall building near a John Deere dealership and stated daily traffic over 6,000 vehicles.
Property Size1,600 SF
Price / SF$168.13
Days on Market375
Property Features for 9978 Saginaw Street
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Land
Listing Agency:
Ayre/Rhinehart Bay REALTORS
(989) 860-9144
Listed By:
Robert Short · License #6501367144
(989) 860-9144
Source:
Compass
Added: Jul 16, 2025
Changed: Jul 21
Last Checked: Jul 24 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ayre/Rhinehart Bay REALTORS
Investment Insights
Based on property information with market context.
This corner commercial property includes an approximately 1,600-square-foot building with a common wall shared with the adjacent John Deere dealership. The existing configuration supports retail-oriented use on the site.
The property is located in Reese on the corner of Reese Rd and Saginaw St (M-81), as well as Wadsworth Rd. The public remarks state the location is in a high-traffic area with over 6,000 cars passing by daily, offering strong visibility for storefront-oriented activity. Call agent for additional information.
The property is located in Reese on the corner of Reese Rd and Saginaw St (M-81), as well as Wadsworth Rd. The public remarks state the location is in a high-traffic area with over 6,000 cars passing by daily, offering strong visibility for storefront-oriented activity. Call agent for additional information.
Key Highlights
- Corner commercial property at Reese Rd & Saginaw St (M‑81) and Wadsworth Rd
- Stated daily traffic over 6,000 cars passing by the property
- Approximately 1,600 SF building with a common wall shared with the adjacent John Deere dealership
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $15.48 |
| − Vacancy | −$1.0k | −$0.65 |
| EGI | $23.7k | $14.83 |
| − OpEx | −$7.1k | −$4.45 |
| NOI | $16.6k | $10.38 |
1,600 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$237.3K
$207.6K – $276.8K
NOI $16,609 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,221 @ 7.0% cap · market cap 30.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Corner commercial site with a shared-wall building near a John Deere dealership and stated daily traffic over 6,000 vehicles.
Where is this commercial land located?
The property is located at 9978 Saginaw Street Reese, MI.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Corner commercial property at Reese Rd & Saginaw St (M‑81) and Wadsworth Rd; Stated daily traffic over 6,000 cars passing by the property; Approximately 1,600 SF building with a common wall shared with the adjacent John Deere dealership
