Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Building Site Title is generated by Realmo AI

    Fashion Square Boulevard, Saginaw, MI 48603

    View on Map
    Claim this Listing
    For Sale
    $120,000

    COMMERCIAL - Saginaw, MI

    Lot size:
    2.09 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    204
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for Fashion Square Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    23124023006001
    Lot size
    2.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5839

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Ken Kujawa

    Listing agent Ken Kujawa License #6502333762

    Listing office Century 21 Signature Realty 5580 State Street Suite 4, Saginaw, MI

    Listing date Nov 11, 2025

    MLS# 50194255

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building site on Fashion Square BLVD near McCarty, adjoining a large medical complex lot
    • Lot dimensions: 524 ft on Fashion Square BLVD and 174 ft deep
    • Public water available
    • Close to Fashion Square Mall and I‑675

    Overview

    This commercial land parcel offers a straightforward building site positioned for office, medical, or retail development. The lot measures approximately 524 feet along Fashion Square Blvd and 174 feet in depth, totaling about 2.09 acres.

    The property sits on Fashion Square Blvd near the intersection of McCarty. It adjoins a large medical complex and is also located near Fashion Square Mall and I-675, supporting convenient access to established commercial activity in the area.

    For tenants, owners, or developers looking to establish a new presence, the configuration and frontage provide room to plan a commercial facility that can serve office, medical, and retail uses. The proximity to the adjacent medical complex may also be beneficial for concepts that align with healthcare-oriented demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.972649
    Latitude
    43.476052

    Nearby Similar for Sale

    • $650,000
      5,160 SF

      Turnkey Restaurant and Sports Bar

      Turnkey restaurant with a full commercial kitchen, bar equipment, and outdoor patio for immediate dining operations.
      5530 Gratiot Road, Saginaw, MI 48638
      View Details
    • $150,000
      4,679 SF

      Historic Commercial Building on Full Block

      Historic commercial building with modern upgrades and flexible mixed-use potential.
      827 N Michigan Avenue, Saginaw, MI 48602
      View Details
    • $299,000
      5,896 SF

      Multi-Office Commercial Building

      Well-maintained office building with multiple workspaces, meeting rooms, restrooms, and employee kitchen, plus garage and storage.
      3167 Enterprise Drive, Saginaw, MI 48603
      View Details
    • $799,500
      10,000 SF

      Saginaw Event Center For Sale

      Two-level event center known for concerts and live music.
      110 Florence, Saginaw, MI 48602
      View Details
    • $209,000
      2,748 SF

      Medical Office Suite with Exam Rooms

      Well-maintained medical suite features multiple exam rooms, patient waiting, and support space for an active practice.
      5605 N Colony Drive, Saginaw, MI 48638
      View Details
    • $525,000
      1,718 SF

      Gas and Service Station Package

      Five parcels including gas station, bar, and truck rental.
      1419 Davenport, Saginaw, MI 48602
      View Details
    • $324,999
      6,809 SF

      Versatile Commercial Property Near Downtown

      Multi-use commercial property with bonus lot near downtown Saginaw.
      1209 Wadsworth Road, Saginaw, MI 48607
      View Details
    • $80,000
      14,986 SF

      Historic Saginaw Church Building

      Landmark church with redevelopment potential in Saginaw, Michigan.
      612 N Michigan, Saginaw, MI 48602
      View Details
    • $124,900
      2,556 SF

      Three-Unit Residential Income Property

      Three-unit income property with a shared entry, two rented one-bedrooms, and an available upstairs two-bedroom unit.
      515 N Harrison Street, Saginaw, MI 48602
      View Details
    • $459,900
      5,207 SF

      Three-Suite Office Building

      Three-suite office building with plentiful parking, ADA accessibility, and basement space in every unit.
      3150 Hallmark Court, Saginaw, MI 48603
      View Details
    • $575,000
      1,776 SF

      All-Brick Office Building with Ramp

      Well-maintained all-brick office building with multiple offices and accessible front entrance for client-facing operations.
      3741 Tittabawassee Road, Saginaw, MI 48604
      View Details
    • $649,999
      9,920 SF

      Multi-Storefront Property on Bay Road

      Established commercial property with high visibility and income potential.
      Saginaw, MI 48603
      View Details

    FAQs

    What type of property is this?
    Commercial land - A build-ready commercial parcel with frontage along Fashion Square Blvd, near major retail and a large medical complex.
    Where is this commercial land located?
    The property is located at Fashion Square Boulevard Saginaw, MI.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Commercial building site on Fashion Square BLVD near McCarty, adjoining a large medical complex lot; Lot dimensions: 524 ft on Fashion Square BLVD and 174 ft deep; Public water available
    (989) 239-5581
    We can help!
    Listing Contact
    Ken Kujawa
    Real Estate License ID: 6502333762
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Fashion Square Boulevard, Saginaw, MI 48603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!