$1,900,000 for Sale
8175 gratiot, saginaw, MI 48609
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.
General Information
Sale Price: $1,900,000
Price/SqFt: $35
Status: Active
MLS#: 50108878
City: thomas twp
Post Office: saginaw
County: Saginaw
Acres: 6.93
Lot Dim: irregular
Size: 53,726 sq.ft.
Acreage: 6.93 est.
Year Built: 1987
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes: $6,373
Est. Winter Taxes: $27,384
Listing Courtesy of: Seth Vendelboe of NextHome Greater Tri-cities
Information provided by Saginaw Board of REALTORS
®
Listing information provided courtesy of the Saginaw Board of REALTORS
®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
This listing last updated: Thu, October 31, 2024 at 7:26:10 AM EDT
SBR Listing Data Last Updated on Sat, December 21 2024 at 8:40am