For Sale
$294,500

516 Cleveland St Saginaw, MI 48602

Profitable Auto Repair Business, 6,637 SF

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional mixed-use investment opportunity presents a fully operational auto repair facility located at 516 Cleveland St, Saginaw, MI 48602. The property, built in 1951 and renovated in 1990, boasts a substantial 6,637 square feet of space, currently operating at 100% occupancy. The asking price is $294,500, translating to $44.37 per square foot. The building is classified as Class B and sits on a sizable 16,177 square foot lot, zoned RMU. A key feature is the inclusion of all business and personal property, significantly enhancing the value proposition. Personal property includes valuable equipment such as a paint booth, paint supplies, an alignment rack, and a hoist, ready for immediate use. The property consists of one single-story building. Further adding to its appeal is a large, fenced-in 9,540 square foot parking lot situated across the street, providing ample space for customer vehicles and operational needs. This turnkey operation is offered under an LLC ownership structure, presenting a rare opportunity for owner/users seeking a profitable and established business in a prime Saginaw location. The property's strong history and existing infrastructure provide a solid foundation for continued success and growth. This is an ideal opportunity for an experienced entrepreneur or investor looking for a well-established, profitable business with significant assets included in the sale.

Highlights

  • Mixed-use investment opportunity: 6,637 SF auto repair facility, 100% occupied.
  • Asking price: $294,500 ($44.37/SF).
  • Class B building, 16,177 SF lot, RMU zoning.
  • Includes all business and personal property (paint booth, alignment rack, hoist, etc.).
  • Large, fenced 9,540 SF parking lot across the street.

Property Details for 516 Cleveland St

Property type
Mixed-use properties
Square Feet
6,637 SF
Class
B
Year Built/Renovated
1951/1990
Buildings
1
Stories
1

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4200539
Longitude
-83.962072
516 Cleveland St, Saginaw, Michigan

FAQs

What type of property is this?
Mixed-use property - Profitable Auto Repair Business, 6,637 SF
Where is the mixed-use property located?
The property is located at 516 Cleveland St Saginaw, MI.
What is the asking price?
The asking price for this property is $294,500.
What are key features of this property?
This property features: Mixed-use investment opportunity: 6,637 SF auto repair facility, 100% occupied.; Asking price: $294,500 ($44.37/SF).; Class B building, 16,177 SF lot, RMU zoning.
How can I contact the broker?
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516 Cleveland St
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