Property profile

417 Saginaw Rd Midland, MI 48640

OFF-MARKET
Retail residential properties
Property ID
US43-2501759
13,398 SF 0.17 ac lot Built 1958
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1958
Total area 13,398 SF
Lot 0.17 ac (7,405 SF)
Zoning code RC
APN 14-15-80-476
UPID US43-2501759

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
  • Training Center Sports School

Location

417 Saginaw Rd Midland, MI 48640-4520
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
by Request
Blend (final) Blend
$840k

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 417 Saginaw Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message