516 Cleveland St Saginaw, MI 48602

Property Details for 516 Cleveland St

Year built

1951

Lot size

0.15 lot acres

Property size

6,638 SF

Zone code

RMU

Property type

Commercial real estate

APN

91-60-0-20-6000-000

APU

91600206000000

Description

This exceptional mixed-use investment opportunity presents a fully operational auto repair facility located at 516 Cleveland St, Saginaw, MI 48602. The property, built in 1951 and renovated in 1990, boasts a substantial 6,637 square feet of space, currently operating at 100% occupancy. The asking price is $294,500, translating to $44.37 per square foot. The building is classified as Class B and sits on a sizable 16,177 square foot lot, zoned RMU. A key feature is the inclusion of all business and personal property, significantly enhancing the value proposition. Personal property includes valuable equipment such as a paint booth, paint supplies, an alignment rack, and a hoist, ready for immediate use. The property consists of one single-story building. Further adding to its appeal is a large, fenced-in 9,540 square foot parking lot situated across the street, providing ample space for customer vehicles and operational needs. This turnkey operation is offered under an LLC ownership structure, presenting a rare opportunity for owner/users seeking a profitable and established business in a prime Saginaw location. The property's strong history and existing infrastructure provide a solid foundation for continued success and growth. This is an ideal opportunity for an experienced entrepreneur or investor looking for a well-established, profitable business with significant assets included in the sale.