201 Hamilton StSaginaw, MI 48602

  • Other commercial real estate
  • 5,900 SF
For Sale
$350,000 View listing

Property Details for 201 Hamilton St

Year built
1884
Lot size
0.04 AC
Property size (Sq ft)
5,900 SF
Zone code
RMU
Property type
Other commercial real estate
APN
91-60-0-14-9000-000
APU
91600149000000

Description

This exceptional mixed-use property, located at 201 N Hamilton in Saginaw, Michigan, presents a compelling investment opportunity. The 0.08-acre lot features a two-story, 1884-built building encompassing a total of six units: three commercial and three residential. Currently boasting nearly 100% occupancy, this property offers immediate cash flow potential. The commercial units are all currently leased, providing a stable income stream. The residential units have been beautifully updated and maintained, ensuring high tenant satisfaction and retention. Situated in the vibrant Hamilton Street Riverfront Entertainment District, this property benefits from a prime location with excellent visibility and access to local amenities and attractions. The building consists of one structure with a total of two stories. The asking price for this unique investment is $350,000. This is a rare chance to acquire a well-maintained, high-occupancy property in a rapidly developing area of Saginaw, Michigan, with a rich history and promising future. The property's zip code is 48602. This is a multi-tenancy property with a strong track record of occupancy. The property is classified as Special Purpose and Land.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,156,072
    Hospitality
    $1,058,955
    Educational
    $881,038
    Medical
    $911,339
    Retail
    $1,370,504
201 Hamilton St, Saginaw, Michigan
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Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4178
Longitude
-83.9626
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
$6,073
-
-
$103,300
-
-
-
$206,600

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