3395 Bay RdSaginaw, MI 48603

Property Details for 3395 Bay Rd

Year built

1983

Lot size

0.46 AC

Property size (Sq ft)

2,016 SF

Zone code

B-4

Property type

Commercial real estate

APN

23-12-4-10-4001-004

APU

23124104001004

Description

This exceptional commercial property, located at 3395 Bay Road in Saginaw, Michigan, presents a unique investment opportunity. The 2,016 square foot building sits on a 0.53-acre lot and is zoned COMMERCIAL-RETAIL, offering considerable versatility. Currently configured as a four-bay automotive repair shop, the property features a spacious open shop area, complemented by a convenient front office and waiting room. The building's strategic location on busy Bay Road (M-84) ensures high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $275,000, translating to $136.41 per square foot. This represents a compelling price point for a property of this size and location in Saginaw County. The property's APN is cpixtax. The real estate is being sold separately from the existing business; the building only is for sale. This presents a blank canvas for entrepreneurs seeking a well-situated commercial space with ample room for expansion or adaptation to suit their specific business needs. The property's ample space and strategic location make it an attractive investment for those seeking a strong return on investment in a thriving Michigan market. The zip code is 48603.

• CAP approach

  CAP return

  Valuation

  6%

  $391,130

  6.5%

  $361,043

  7%

  $335,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $188,577

  Geo Method

  $188,577

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $701,398

  Retail / Commercial

  $361,516

  Mixed-Use / Specialty

  $361,680

  Hospitality / Lodging

  $267,243

  Office

  $361,043

  Institutional / Educational

  $376,520

  Residential Income

  $440,528

  Multifamily

  $520,296

  Automotive / Energy

  $322,731

  Parking / Income-Based Land

  $109,936

  Restaurant / Food Service

  $191,211

  Healthcare / Senior Housing

  $369,406

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4563

Longitude

-83.9762

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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