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Financial
Distress signals
Property profile

601 S Saginaw St Flint, MI 48502

FOR LEASE
Other commercial real estate
Property ID
US43-0155964
43,164 SF 0.23 ac lot Built 1927
Last sale Aug 2026 · $3,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The historic multi-use building was constructed in 1902 by W.A. Paterson and reflects Flint’s early carriage and automobile manufacturing heritage, as well as a former mayoral association. A major renovation was completed in 2015 to support the building’s mixed-use configuration. The second, third, and fourth floors are configured for tenant occupancy under long-term leases, while the fifth floor is used by the owner for executive office space. The first floor is configured for retail use by…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$53k
Tax billed · 2022
Assessed value · 2023$1.03M
Effective rate5.16%

Value estimate

· Oct 2026
$1.94M
$1.75M – $2.13M
Submarket $/SF estimate$1.94M
NOI build-up
Gross scheduled income$668k
Vacancy & credit loss−$92k
Operating expenses−$144k
NOI · 2,539,594.12% cap applied$432k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$42/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$28 – $56

Cap rate analysis

How does the asset earn?
2,539,594.12%
$432k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGENESEE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.4
Furniture Store9.5
Dry Cleaner8.9

Location

601 S Saginaw St Flint, MI 48502
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
448 Saginaw, Flint, MI 48502-1803 $400,000 Apr 2025 7,305 SF
328 Saginaw, Flint, MI 48502-1923 $1,350,000 Nov 2024 65,488 SF
625 Grand Traverse, Flint, MI 48502-1208 $150,000 Sep 2024 6,870 SF
316 Ct, Flint, MI 48502-1114 $150,000 Apr 2024 4,927 SF
641 Saginaw, Flint, MI 48502-1505 $100,000 Jan 2024 6,802 SF
717 Grand Traverse, Flint, MI 48502-1118 $225,000 May 2023 11,088 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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