Technical
Financial
Distress signals
Property profile

1826 Saginaw Rd Midland, MI 48640

OFF-MARKET
Retail space
Property ID
US43-2060492
33,871 SF 2.11 ac lot Built 1976
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16,000 square foot retail space, formerly occupied by a Save-A-Lot grocery store, presents a unique investment opportunity in Midland County. Located at the high-traffic intersection of South Saginaw Road and East Patrick Road, this single-tenant building offers unparalleled visibility and accessibility. The property is zoned RC-Regional Commercial District, allowing for a wide range of retail uses. The building's substantial size provides ample space for a variety of retail concepts, from large-format stores to smaller businesses seeking a prominent location. Its strategic position benefits from easy access to the M-10 Business Loop, ensuring high traffic flow and convenient access for customers. The entire 16,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This property represents a rare chance to acquire a significant retail presence in a thriving Midland County location with excellent visibility and accessibility. The property's size and location make it ideal for a variety of retail businesses seeking a high-traffic location with ample space. The RC-Regional Commercial District zoning provides flexibility for potential tenants. This is a turnkey opportunity for an investor or business owner looking to establish a strong retail presence in a prime Midland County location. The property's strategic location at the intersection of major roadways ensures high visibility and accessibility for potential customers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Total area 33,871 SF
Lot 2.11 ac (91,912 SF)
Zoning code RC
APN 14-15-40-390
UPID US43-2060492

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

1826 Saginaw Rd Midland, MI 48640-6837
Midland metro Census 290200 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1,000k
Blend (final) Blend
$885k

Owner & transaction history

since 2022
Last sale
$800,000
2 recorded transactions
2022
$800,000
2019
Price N/A

Zoning & alternative use

RC · Midland, MI
Zoning description

3. RC - Regional Center District The purpose of the Regional Center District is to provide for mixed-use development that offers a diversity of retail, service, entertainment, office, finance, and related business uses t…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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