1716 Jefferson Ave Saginaw, MI 48601
- Industrial properties
- 9,880 SF
- 0.78 lot acres
Current Use by Public Records
- Jds lawncare & snow llc / Lawn Care Service
Property Details for 1716 Jefferson Ave
- Lot size
- 0.78 lot acres
- Property size
- 9,880 SF
- Zone code
- M-1
- Property type
- Industrial properties
- APN
- 90-80-0-00-2000-200
- APU
- 90800002000200
Description
This 9,275 square foot warehouse, situated on a 0.78-acre lot in Saginaw, Michigan (48601), presents a unique investment opportunity. Built in 1945, the property boasts 14+ foot ceiling heights, a 480V/3-phase power system, and an automatic gate, making it well-suited for various industrial uses. Its strategic location offers seamless access to major highways I-75 and I-96, providing excellent transportation links within Michigan's thriving cannabis market. Importantly, the property has municipal approval for a Class C recreational cultivation license and is eligible for processing, secure transport, or safety compliance licenses. The building offers ample room for expansion towards the rear. The asking price is $295,000. Financing options include a $195,000 down payment with $100,000 seller-financed over two years at 8% interest, amortized over 30 years. Alternatively, a lease option of $8,500 per month (NNN) is available. This property is approximately one hour from Oakland County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $195,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $210,000
- Mixed-Use
- $195,000
- Hospitality
- $175,000
- Educational
- $175,000
- Residential Income
- $200,000
- Energy
- $205,000
- Income-Based Land
- $185,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -83.9429
- Latitude
- 43.4133
- CBSA code
- 40980
- CBSA name
- SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA