925 River St, Saginaw, MI 48609
This expansive 44,000 square foot industrial property, situated on a generous 42.37-acre lot in Saginaw, Michigan, presents a unique investment opportunity. Originally serving as St. Vincent's Home, the main campus encompasses approximately 36,000 square feet, featuring a thoughtfully designed layout. Four distinct wings offer versatile spaces including classrooms, a fully equipped kitchen with a walk-in cooler, a cafeteria, numerous offices, and meeting rooms. A sizable church sanctuary is also included. The upper level provides dormitory space and additional meeting rooms/offices. A 4,200 square foot addition boasts a gymnasium, six extra classrooms, and further office space. A separate 14 x 44 foot building previously housed a daycare. The property also includes a five-bay garage, a recently installed playscape, and an in-ground pool. Adding to the property's potential is a substantial rear building measuring 40 x 156 feet. The remaining 30+ acres offer significant development possibilities, making this property ideal for a variety of uses. Located conveniently a mile north of Gratiot (M-46) in Thomas Township, this property is primed for redevelopment or repurposing. Detailed brochures are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.