8175 Gratiot Rd Saginaw, MI 48609

Property Details for 8175 Gratiot Rd

Year built

1987

Lot size

1.69 lot acres

Property size

21,940 SF

Zone code

B-3

Property type

Commercial real estate

APN

28-12-3-26-4020-001

APU

28123264020001

Description

This exceptional investment opportunity presents a multi-tenant retail storefront complex located at 8175 Gratiot Rd, Saginaw, MI 48609. The property encompasses a substantial 53,726 square feet of retail space, with a net rentable area of 48,356 square feet, currently boasting 90% occupancy across three tenants under a modified lease structure. The property is comprised of eight buildings constructed between 1987 and 1995, situated on a 6.93-acre lot zoned for commercial use. Recent improvements include a newer front parking lot and roof replacements, contributing to the property's excellent condition. The asking price is $1,900,000, representing a price per square foot of $35.36 and a compelling 7.79% capitalization rate. The property generates a significant net operating income (NOI) of $147,984, providing a stable and attractive return on investment. This well-maintained, multi-tenant retail center offers a secure and profitable investment opportunity for discerning buyers seeking a strong cash flow and long-term growth potential in a desirable Saginaw location. The property's strong occupancy rate and recent upgrades ensure a low-risk, high-reward investment. This is a rare opportunity to acquire a well-established, income-producing retail property in a thriving commercial area.

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Longitude

-84.0752

Latitude

43.4156

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments