Property summary
This exceptional Midland, MI industrial property at 417 S Saginaw boasts 13,398 square feet on a 0.16-acre lot. The building offers a unique blend of commercial and residential income streams. Currently, two of the four available commercial units are leased to reliable, long-term tenants with a proven history of on-time payments. These existing leases provide a stable and predictable revenue stream. The property also includes seven residential apartments on the second floor, further diversifying the income potential and adding to the overall return on investment. Two additional commercial spaces are currently vacant, presenting a significant opportunity for expansion and increased revenue generation. The strategic location between Saginaw Road and Cambridge ensures high visibility and accessibility, benefiting from consistent heavy traffic flow. Surrounding businesses are thriving, creating a strong and supportive commercial environment. The property's dual-street access enhances convenience and operational efficiency. This property offers a rare combination of immediate income, significant development potential, and a prime location, making it an attractive investment opportunity for discerning buyers seeking strong returns and long-term growth.
Property profile
VerifiedCap rate & NOI
Current use
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Training Center Sports School
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
RC · Midland, MI3. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RC in Midland, MI.
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