$ 1,900,000
8175 Gratiot Saginaw, MI 48609
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,900,000
Est. payment /mo
Price Dropped by $100K
8175 Gratiot Saginaw, MI 48609
53,726 SqFt
UPDATED:
10/31/2024 11:59 AM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 53,726 sqft
Price per Sqft $35
Municipality Thomas Twp
Subdivision Thomas Twp
MLS Listing ID 50108878
Originating Board MiRealSource
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
Zoning Commercial
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Wood Siding,Other
Listed by NextHome Greater Tri-cities