409 Genesee Ave Saginaw, MI 48602
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.