301 Genesee Ave Saginaw, MI 48607
- Commercial real estate
- 25,000 SF
- 0.24 lot acres
Current Use by Public Records
- Jennifer Page / Social Worker
- Medwins Pharmacy / Pharmacy
- The State Bank / Bank
- Sacred Heart Rehabilitation Center Saginaw Outpatient / Rehabilitation Center / Alcoholism Treatment Program
- Saginaw Downtown Development / City Government Office
Property Details for 301 Genesee Ave
- Year built
- 1925
- Lot size
- 0.24 lot acres
- Property size
- 25,000 SF
- Zone code
- RMU
- Property type
- Commercial real estate
- APN
- 90-30-0-18-0000-000
- APU
- 90300180000000
Description
This exceptional five-story, 25,000 square foot traditional office building presents a compelling investment opportunity in the heart of Saginaw, Michigan. Located at 301 E Genesee Ave, this property boasts a prime downtown location, offering unparalleled convenience and visibility. Built in 1925 and extensively renovated in 1987, the building is in excellent condition and benefits from a Gross Lease structure with multi-tenant occupancy. The asking price is $1,495,000, translating to a price per square foot of $59.80. The 0.24-acre lot is zoned 201, providing flexibility for future development or expansion. Its strategic location places it adjacent to Delta College and WNEM TV 5, ensuring high foot traffic and strong brand recognition. This is a rare opportunity to acquire a well-maintained, historically significant building in a thriving urban area. The owner's retirement makes this a particularly timely acquisition for discerning investors seeking a stable, income-generating asset in a desirable Michigan location. The building's substantial size and prime location offer significant potential for long-term growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -83.9374
- Latitude
- 43.4332
- CBSA code
- 40980
- CBSA name
- SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA