$1,900,000
8175 Gratiot Road Saginaw, MI 48609
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$1,900,000
Est. payment /mo
53,726 SqFt
Price Dropped by $100K
8175 Gratiot Road Saginaw, MI 48609
UPDATED:
10/31/2024 11:26 AM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 53,726 sqft
Price per Sqft $35
Subdivision Mi
MLS Listing ID 50108878
Year Built 1987
Annual Tax Amount $33,756
Tax Year 2022
Lot Size 6.930 Acres
Acres 6.93
Lot Dimensions irregular
Property Description
This impressive commercial retail property is an outstanding investment opportunity, featuring a total of 53,726 square feet with long-term tenants occupying the space. With 90% occupancy, this property has a proven track record of success, ensuring a stable source of income for potential investors. The property's recent updates, including a newer front parking lot and roof replacements, ensure that it is well-maintained. With its prime location and desirable features, this commercial retail property is a must-see for any serious investor looking to expand their portfolio. Recent rent increases have raised the cap rate.
Location
State MI
County Saginaw
Area Thomas Twp (73025)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Waterfront No
Roof Type Shingles
Building
Water Public Water
Structure Type Other,Wood
Others
Ownership LLC
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by NextHome Greater Tri-cities
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