606 Saginaw StLapeer, MI 48446

  • Office buildings
  • 10,094 SF
For Lease
$16.24/SF/YR View listing

Property Details for 606 Saginaw St

Year built
1910
Lot size
0.39 AC
Property size (Sq ft)
10,094 SF
Zone code
OS1 OFF
Property type
Office buildings
APN
L20-18-700-040-00
APU
L201870004000

Description

This exceptional 10,094 square foot executive office building, located at 606 N Saginaw St in Lapeer, Michigan, presents a fantastic leasing opportunity. Built in 1910 and extensively renovated in 2012, the property boasts a blend of historical charm and modern functionality. The building is zoned OS-1 and sits on a sizable 0.74-acre lot (APN: L20-18-700-040-00). Currently, there are multiple suites available for lease, ranging from a minimum of 214 square feet to a maximum contiguous space of 1,090 square feet. A total of 1,821 square feet is currently vacant and ready for immediate occupancy. This presents an ideal opportunity for businesses seeking flexible and adaptable office space in a prime Lapeer location. The building's convenient location in Lapeer County, Michigan, (zip code 48446) offers easy access to major transportation routes and local amenities. This is a rare chance to secure high-quality office space in a well-maintained building with a rich history. Inquire today to learn more about the available spaces and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,727,971
    6.5%
    $1,595,050
    7%
    $1,481,118
  • Comparable approach

    Method
    Valuation
    Relative Method
    $944,193
    Geo Method
    $944,193
  • Alternative Use

    Use
    Valuation
    Residential
    $1,977,862
    Hospitality
    $1,811,711
    Educational
    $1,507,322
    Medical
    $1,559,162
    Retail
    $2,344,724

Location Insight

City
Lapeer
County
Lapeer
State
Michigan
Latitude
43.0572
Longitude
-83.3098
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,171
-
-
$246,600
-
-
-
$493,200

FAQs

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