For Sale
$295,000

1716 Jefferson Ave Saginaw, MI 48601

Cannabis-ready warehouse, ideal location.

Overview

Added:
Dec 11, 2024
Days on market:
131
This 9,275 square foot warehouse, situated on a 0.78-acre lot in Saginaw, Michigan (48601), presents a unique investment opportunity. Built in 1945, the property boasts 14+ foot ceiling heights, a 480V/3-phase power system, and an automatic gate, making it well-suited for various industrial uses. Its strategic location offers seamless access to major highways I-75 and I-96, providing excellent transportation links within Michigan's thriving cannabis market. Importantly, the property has municipal approval for a Class C recreational cultivation license and is eligible for processing, secure transport, or safety compliance licenses. The building offers ample room for expansion towards the rear. The asking price is $295,000. Financing options include a $195,000 down payment with $100,000 seller-financed over two years at 8% interest, amortized over 30 years. Alternatively, a lease option of $8,500 per month (NNN) is available. This property is approximately one hour from Oakland County.

Highlights

  • 9,275 SF vacant warehouse on a 0.78-acre lot in Saginaw, MI.
  • Municipally approved for Class C recreational cultivation; eligible for processing, secure transport, and safety compliance.
  • Strategically located near I-75 and I-96 for easy access to Michigan's cannabis market.
  • Features 480V/3-phase power and 14+ ft. ceiling heights.
  • Asking price: $295,000; financing options available.

Property Details for 1716 Jefferson Ave

Property type
Warehouses, Industrial properties
Square Feet
9,275 SF
Year Built
1945
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4132683
Longitude
-83.943042
1716 Jefferson Ave, Saginaw, Michigan

FAQs

What type of property is this?
Warehouse - Cannabis-ready warehouse, ideal location.
Where is the warehouse located?
The property is located at 1716 Jefferson Ave Saginaw, MI.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 9,275 SF vacant warehouse on a 0.78-acre lot in Saginaw, MI.; Municipally approved for Class C recreational cultivation; eligible for processing, secure transport, and safety compliance.; Strategically located near I-75 and I-96 for easy access to Michigan's cannabis market.
How can I contact the broker?
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1716 Jefferson Ave
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