100 Michigan Ave Saginaw, MI 48602

This 11,388 square foot, single-story retail building located at 100 S Michigan Ave, Saginaw, MI 48602, is offered for sale at $1,100,000. Built in 2010, the property is situated in the thriving Riverfront Saginaw district and features a multi-tenant occupancy with three tenants, including a major corporate anchor. Huntington Bancshares, a significant regional bank, occupies approximately a quarter of the space and recently extended its lease for ten years, expiring at the end of 2034, and is currently undertaking renovations. The property boasts a 64.1% occupancy rate with a weighted average lease term of 6.5 years. The building's 9,288 square feet of net rentable space commands a price per square foot of $96.59. This value-add investment opportunity benefits from a strong corporate guarantee from Huntington Bancshares and is situated in a rapidly growing area experiencing increased rental rates. The property's location within the vibrant Riverfront Saginaw district places it at the heart of the city's cultural and entertainment scene, attracting significant foot traffic. This presents a compelling opportunity for investors seeking a stable, core retail asset with significant upside potential in a dynamic urban setting. The property's APN is 16-0067-00100. Leases are gross, and the property is not subject to a ground lease.