$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 Dims: irregular
Size: 53,726 sq.ft.
Acreage: 6.93 est.
Year Built: 1987
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $6,373
Est. Winter Taxes: $27,384
Information provided by East Central Association of REALTORS
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Listing By: Seth Vendelboe of NextHome Greater Tri-cities, Phone: 989-759-9606
