101 Genesee AveSaginaw, MI 48607

Property Details for 101 Genesee Ave

Year built

1925

Lot size

0.33 AC

Property size (Sq ft)

124,229 SF

Property type

Office properties

Property subtype

Other office properties

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.

Location Insight

City

Saginaw

County

Genesee

State

Michigan

Latitude

43.4338

Longitude

-83.9394

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