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1982 Hemmeter Rd Saginaw, MI 48638

Commercial real estate Google Maps
5,616 SF 0.33 ac lot Built 1966
Entity Owned ~ Est. High Equity
Estimated value (blended)
$130k
Range $117k – $143k (±10%)
Property ID US43-0949161

Property summary

AI-generated overview

This exceptional business opportunity presents a remarkable two-story brick building situated on a highly visible corner lot in Saginaw Township, at the intersection of Hemmeter and State Street. The property boasts a substantial 5,616 square feet of space, ideally suited for a variety of commercial ventures. The building's prime location is further enhanced by a digital sign, ensuring maximum visibility and attracting potential customers. The property sits on a 0.32-acre lot, offering ample space and potential for expansion or outdoor use. The building itself is in excellent condition, showcasing meticulous maintenance and attention to detail. The upper level features two rental units, one of which is currently vacant and recently updated, ready for immediate occupancy by a new tenant. The lower level is owner-occupied, demonstrating the property's inherent value and suitability for a thriving business. This turnkey opportunity combines a desirable location, attractive building features, and immediate income potential from the existing rental units, making it an exceptional investment for discerning buyers. The digital signage provides a significant marketing advantage, while the all-brick construction ensures durability and low maintenance. This property represents a rare chance to acquire a well-maintained, high-visibility commercial building in a thriving Saginaw Township location. The combination of a strong location, updated rental units, and the owner-occupied space presents a unique and compelling investment opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Total area 5,616 SF
Lot 0.33 ac (14,157 SF)
Zoning code B-1
APN 23-12-4-21-1202-000
UPID US43-0949161

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
  • Financial Advisor
  • Photography Service (Bike/Boat/Book/etc) Store
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2025
5 recorded transactions
2025
$350,000
2017
Price N/A
2017
Price N/A
2016
$217,558
2005
Price N/A

Zoning & alternative use

B-1 · Saginaw, MI
Zoning description

B-1 Neighborhood Business The B-1 Neighborhood Business district is intended to provide a transition between more intensive districts and residential areas, with commercial uses and services that meet the needs of reside…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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