500 Hamilton StSaginaw, MI 48602

  • Other commercial real estate
  • 1.37 AC
For Sale
$889,000 View listing

Property Details for 500 Hamilton St

Lot size
1.37 AC
Zone code
RMU
Property type
Other commercial real estate
APN
91-70-0-24-0000-000
APU
91700240000000

Description

This exceptional commercial property, located at 500 S. Hamilton in Saginaw, Michigan, presents a unique investment opportunity. The 3-story, 37,186 square foot building, constructed in 1912 and renovated in 2012, sits on a substantial 2.72-acre lot. Currently vacant, this Class C building offers immense potential for redevelopment or repurposing. The property boasts a convenient elevator and a sprinkler system, enhancing its functionality and safety. With a parking ratio of 3 spaces per 1,000 square feet, ample parking is available. The permitted zoning is RMU-RC, allowing for a variety of commercial uses. Its prime location at the entrance to Old Town Saginaw makes it an ideal site for a mixed-use project. The building's rich history and substantial size, combined with its strategic location, make this a compelling investment prospect. The asking price is $889,000. The property's zip code is 48602, and it is situated in Saginaw County.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,693,371
    Hospitality
    $10,711,065
    Educational
    $8,911,480
    Medical
    $9,217,960
    Retail
    $13,862,303
500 Hamilton St, Saginaw, Michigan
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Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4138
Longitude
-83.9667
CBSA code
40980
CBSA name
SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
-
-
-
-
-
-
-

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