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    515 Washington Ave Saginaw, MI 48607

    • Commercial real estate
    • 59,310 SF
    • 7.50 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US43-1183011
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Saginaw Future Inc. / Economic Development Agency / Government Economic Program
    • NAACP Saginaw Branch / Social Services Organization
    • Procurement Technical Assistance Center / Counselor
    • MI Home Rx / Pharmacy
    • Great Lakes Bay Region, Michigan / Tourist Information Center / Business Center

    Property Details for 515 Washington Ave

    Year built
    1962
    Lot size
    7.50 lot acres
    Property size
    59,310 SF
    Zone code
    RMU
    Property type
    Commercial real estate
    APN
    90-20-0-28-7F00-000
    APU
    90200287F00000

    Description

    This exceptional seven-story office building, located at 515 N Washington Ave in Saginaw, Michigan, 48607, presents a unique investment opportunity. Built in 1962, the 58,211 square foot building offers a variety of office space options, suitable for traditional office setups, creative work environments, co-working spaces, or executive offices. The property sits on seven acres of land and boasts multiple tenancies, with three units currently available on the fourth floor, totaling approximately 2,000 square feet. Individual suites range from 260 to 1,023 square feet, providing flexibility for businesses of various sizes. The building features elevators for convenient access to all seven floors. Currently, 2,043 square feet of space is vacant. Ample parking is available, and the location offers stunning river views. This prime downtown Saginaw location provides excellent visibility and accessibility. The property's versatility and desirable location make it an ideal choice for businesses seeking a prominent presence in the heart of Saginaw. Don't miss this chance to secure your space in this well-established building.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.9376
    Latitude
    43.4381
    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
    $33,510
    $0.00
    $0.00
    $431,400
    -
    $0.00
    $0.00
    $862,800

    Comparable in this City

    • Value Estimation by Request

      107 Washington Ave

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      1228 Genesee Ave

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      304 Jefferson Ave

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      304 Jefferson Ave, Saginaw, MI 48607-1126
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      1205 Lapeer Ave

      COMMERCIAL (GENERAL) • 1,264 SF
      1205 Lapeer Ave, Saginaw, MI 48607-1540
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      7,380 SF

      125 Franklin St

      COMMERCIAL (GENERAL) • 7,380 SF
      125 Franklin St, Saginaw, MI 48607-1224
      View Details

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      Downtown Saginaw Office Space

      Prime Saginaw office, multiple suites available
      515 Washington Ave, Saginaw, MI 48607
      View Details
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    Saginaw, MI 48607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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