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    Property profile & analytics

    4184 Chicago St Saginaw, MI 48601

    • Land
    • 0.55 lot acres
    For Sale
    View listing
    $79,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4184 Chicago St

    Lot size
    0.55 lot acres
    Property type
    Land

    Description

    This exceptional 0.551-acre commercial land parcel presents a unique investment opportunity in Saginaw, Michigan. Located at the highly visible corner of Dixie Highway and Chicago Road, this property benefits from exceptional visibility and accessibility. Its strategic placement directly across from the Secretary of State office ensures consistent high traffic flow, providing unparalleled exposure for any business venture. The property is situated within the desirable Bridgeport School district, adding to its overall appeal. The asking price is $79,900. This vacant land offers a blank canvas for developers and entrepreneurs seeking a prime location to establish their business. The expansive lot size provides ample space for a variety of commercial uses, allowing for significant flexibility in design and development. Given its location and size, this property represents a rare opportunity to acquire a highly desirable commercial parcel in a thriving area of Saginaw. The address is 4184 Dixie Hwy, Saginaw, MI 48601. This is a truly exceptional opportunity to capitalize on a prime location with high visibility and significant potential for growth. The property is zoned for commercial use. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.9085
    Latitude
    43.3942

    Comparable in this City

    • Value Estimation by Request
      1.15 Acres

      5543 Dixie Ct

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    • Value Estimation by Request
      6.15 Acres

      Dixie Hwy

      Land • 6.15 Acres
      0 Dixie Hwy, Bridgeport charter Township, MI 48601
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    • Value Estimation by Request
      7.79 Acres

      1160 Outer Dr

      Land • 7.79 Acres
      1160 Outer Dr, Saginaw, MI 48601
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    • Value Estimation by Request

      5961 Dixie Ct

      Land
      5961 Dixie Ct, Saginaw, MI 48601
      View Details
    • Value Estimation by Request

      2700 Washington Ave

      Individual retail properties
      2700 Washington Ave, Saginaw, MI 48601
      View Details
    • Value Estimation by Request
      1.11 Acres

      3397 King Rd

      Land • 1.11 Acres
      3397 King Rd, Saginaw, MI 48601
      View Details

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    • $79,900
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      Prime Saginaw Commercial Land

      Half-acre lot, high-traffic location.
      4184 Chicago St, Saginaw, MI 48601
      View Details
    • Contact for pricing

      Saginaw Commercial Land Opportunity

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    Similar Nearby for Lease

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    4184 Chicago St
    Saginaw, MI 48601
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    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
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