8175 Gratiot Road $1,900,000

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    8175 Gratiot Road Saginaw, MI 48609

    • 53,726 sq. ft.
    • 6.93 Acres
    • Commercial
    • MLS# 50108878
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    Views: 257 Days On Site: 554

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    Property Details

    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.

    • General Features
      • Acreage 6.93
      • Area Municipality Thomas Twp (73025)
      • County Saginaw
      • Originating MLS Saginaw Board of REALTORS
      • Ownership LLC
      • Total SqFt Finished 53726
      • Waterfront Y/N No
      • Year Built 1987
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Other, Wood
      • Heating System Forced Air
      • Roofing Shingles
    • Property Features
      • Water Public Water
      • Lot Size irregular
      • Sewer Septic Public Sanitary

    Neighborhood

    48609 (Saginaw) Demographics

    50 Median Age
    258 Population Density (per sq. mile)
    39% College Educated
    $70,314 Estimated Median Income
    4,575 Estimated Total Home Owners
    743 Estimated Total Renters
    86% / 14% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    12,375 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $210,000 Median Sales Price
    12 Homes Sold
    15 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,900,000
        10/23/2024 6:51:56 PM Price Reduced Source: Multiple Listing Service New Value: $1,900,000 -5%
        5/15/2023 2:07:00 PM New in Database Source: Multiple Listing Service New Value: $2,000,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.