1900 Saginaw RdMidland, MI 48640

Property Details for 1900 Saginaw Rd

Year built

1978

Lot size

2.61 AC

Property size (Sq ft)

37,906 SF

Zone code

RC

Property type

Retail properties

Property subtype

Strip malls

APN

14-15-40-532

APU

141540532

Description

This exceptional 3,500 square foot retail or office space is now available for lease in a thriving Midland shopping center. Located at the highly visible corner of South Saginaw Road and Patrick Road, this single-tenant suite offers unparalleled visibility and accessibility. Previously occupied by a party supply store, the space boasts attractive all-glass storefront windows, providing excellent natural light and showcasing your business to passersby. While the layout is slightly irregular, it offers a generous depth, including a convenient storage room in the rear for added functionality. Two restrooms are also included for tenant and customer convenience. The space is being offered at a reduced rate of $1,900 per month, NNN. Additional net operating expenses are estimated at approximately $3.00 per square foot, subject to satisfactory lease terms. This prime location offers easy access for customers and employees, situated next to a popular Bone Daddy's BBQ restaurant, ensuring high foot traffic and visibility within a busy shopping center. The asking price represents a significant opportunity for businesses seeking a well-located, adaptable space in a desirable Midland County location. This is an "as is" lease. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $9,538,904

  6.5%

  $8,805,142

  7%

  $8,176,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,935,233

  Geo Method

  $8,935,233

• Alternative Use

  Use

  Valuation

  Residential

  $7,427,466

  Hospitality

  $6,803,520

  Educational

  $5,660,448

  Medical

  $5,855,120

  Retail

  $8,805,142

Location Insight

City

Midland

County

Midland

State

Michigan

Latitude

43.6128

Longitude

-84.2146

CBSA code

33220

CBSA name

MIDLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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