For Sale
$1,400,000

806 Gratiot Ave Saginaw, MI 48602

Vacant Pharmacy, High Traffic Area, 11,180 SF

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a vacant 11,180-square-foot retail building, formerly a Rite Aid pharmacy, situated on a 1.42-acre lot in Saginaw, Michigan. Built in 1997, the property is ideally located at 806 Gratiot Ave, 48602, boasting high visibility and accessibility. The site benefits from its position along Gratiot Avenue, a major thoroughfare with a daily traffic volume of 20,800 vehicles. Furthermore, its proximity to Interstate 75 (60,600 VPD) ensures excellent regional connectivity. The property is surrounded by a strong demographic profile, with over 104,303 residents within a five-mile radius and an average household income of $63,288. This area is anchored by a variety of nationally recognized businesses, including McDonald's, Dollar General, Save-A-Lot, Jimmy John's, Rally's, and DaVita, creating a vibrant and established commercial environment. Additional community anchors include the Saginaw County Sheriff's Office and Covenant Healthcare, further solidifying the area's appeal. This vacant building presents a unique chance to acquire a substantial retail space in a high-traffic location with strong demographics and established commercial activity. The asking price for this property is $1,400,000.

Highlights

  • $1,400,000 asking price for this vacant retail property.
  • 11,180 square feet on a 1.42-acre lot.
  • Located at 806 Gratiot Ave, Saginaw, MI 48602.
  • Built in 1997, currently vacant.
  • High traffic location: near Liberty Street (20,800 VPD) and I-75 (60,600 VPD).
  • Strong demographics: 104,303 residents within 5 miles, average household income of $63,288.

Property Details for 806 Gratiot Ave

Property type
Retail properties, Drug stores
Square Feet
11,180 SF
Year Built
1997
Lot Size (sq. ft)
61,855 SF

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4154447
Longitude
-83.972688

FAQs

What type of property is this?
Retail property - Vacant Pharmacy, High Traffic Area, 11,180 SF
Where is the retail property located?
The property is located at 806 Gratiot Ave Saginaw, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: $1,400,000 asking price for this vacant retail property.; 11,180 square feet on a 1.42-acre lot.; Located at 806 Gratiot Ave, Saginaw, MI 48602.
How can I contact the broker?
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806 Gratiot Ave
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