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Additional details
$ 1,900,000
Est. payment /mo
Active
8175 Gratiot RD Saginaw, MI 48609
53,726 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 53,726 sqft
Price per Sqft $35
MLS Listing ID 61050108878
Year Built 1987
Lot Size 6.930 Acres
Acres 6.93
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 Area73061Thomastwp
Interior
Heating ForcedAir
Cooling CentralAir
Fireplace No
Exterior
View Y/N No
Roof Type Shingle
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Swanvalley
School District Swanvalley
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition CorporateRelocation, ShortSaleNo
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Listed by Seth Vendelboe of NextHome Greater Tri-cities
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