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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

409 Genesee Ave Saginaw, MI 48602

14,920 SF 1.36 ac lot
Entity Owned 2-yr Hold
Property ID
US43-0023826
Property summary
AI-generated overview

This exceptional 14,920-square-foot freestanding building is situated on a high-traffic signalized corner at 409 W Genesee Ave and Michigan Avenue in Saginaw, MI 48602. Previously a Walgreens, this single-tenant property boasts a 26.4-foot ceiling height and ample parking for 62 vehicles. The 1.36-acre lot is zoned RMU (Riverfront Mixed Use), offering versatility for various uses including retail, office, medical, or restaurant. Its prime location benefits from excellent visibility and accessibility, with convenient proximity to I-675. The property is ideally positioned within Saginaw's medical district, near Central Michigan University's medical school (future), Saginaw Valley State University's satellite campus (future), and Delta College's satellite campus (future), as well as major employers Covenant Hospital and MyMichigan Medical Center. Furthermore, its proximity to the Dow Event Center, Temple Theater, and Jolt Credit Union Event Park enhances its appeal. The spacious interior and adaptable layout provide endless opportunities for businesses seeking a prominent location in a thriving community. The entire building is currently vacant.

Property profile
Verified
Property type Grocery and convenience stores
Total area 14,920 SF
Lot 1.36 ac (59,242 SF)
UPID US43-0023826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thomas G. Puszykowski, RPH Pharmacy
  • FedEx OnSite Postal Service Courier Service
  • Western Union Bank Credit Union
  • Coinhub Bitcoin ATM Teller Atm
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
West Gen Qozb LLC · 2 yrs held
West Gen Qozb LLC
since 2024
3 recorded transactions
2026
Price N/A
2024
$685,000
2021
$3.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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