101 Genesee Ave Saginaw, MI 48607
- Office Properties & Spaces
- 124,229 SF
- 0.33 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 101 Genesee Ave
- Year built
- 1925
- Lot size
- 0.33 lot acres
- Property size
- 124,229 SF
- Property type
- Office Properties & Spaces
Description
This exceptional value-add investment opportunity presents a 124,229 square foot multi-tenant office building located in desirable downtown Saginaw, Michigan. The property, encompassing 101 N Washington Avenue and 111 Genesee Avenue, features a striking 12-story highrise structure complemented by an attached 3-story midrise office space, built in 1925. The building boasts ample parking, providing a generous ratio of 4.12 spaces per 1,000 square feet, a significant advantage in this location. Currently, the occupancy rate stands at 14.9%. Situated on a 0.33-acre lot, the property offers picturesque views of the Saginaw River. The building's prime downtown location and unique architectural features present a compelling opportunity for investors seeking to capitalize on the potential for increased occupancy and rental income. The property's substantial size and existing infrastructure provide a solid foundation for a variety of redevelopment and repositioning strategies. This is a rare chance to acquire a landmark property in a revitalizing urban core. The property's address is 101 N Washington Avenue & 111 Genesee Avenue, Saginaw, MI 48607. The property type is office, specifically executive office, and is classified as a multi-tenant building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Genesee
- State
- Michigan
- Longitude
- -83.9394
- Latitude
- 43.4338
