5151 Dixie HwySaginaw, MI 48601

  • Commercial land
  • 17.27 AC

Property Details for 5151 Dixie Hwy

Lot size
17.27 AC
Zone code
M1
Property type
Commercial land
APN
09-11-5-05-4021-000
APU
9115054021000

Description

This exceptional 20-acre commercial land parcel, located at 5151 Dixie Highway in Saginaw, Michigan (zip code 48601), presents a unique investment opportunity. The property, identified by APN 09-11-5-05-4021-000, is zoned for commercial use, offering significant flexibility for development. The land itself boasts a level grade and an improved surface, ideal for parking or various commercial uses. The site's previous use as a drive-in theater provides a unique history and potential for redevelopment. Infrastructure is already in place, with sewer, water, electric, and gas services readily available on-site. Two convenient curb cuts enhance accessibility. The property is being offered in two options: a 16-acre parcel for $195,000, and a separate 4-acre parcel for $55,000. Alternatively, the entire 20-acre lot is available for negotiation. This strategically located property in Saginaw County offers substantial potential for a wide range of commercial ventures. Its size, infrastructure, and zoning make it an attractive proposition for developers and investors seeking a prime location in a growing area. The property's history and existing improvements offer a solid foundation for future development. Don't miss this chance to acquire a significant commercial land holding in a desirable Michigan location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $147,405,216
    Hospitality
    $135,022,384
    Educational
    $112,337,040
    Medical
    $116,200,480
    Retail
    $174,746,496

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.3857
Longitude
-83.8986
CBSA code
40980
CBSA name
SAGINAW-SAGINAW TOWNSHIP NORTH, 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
2022
$2,658
-
-
$44,000
-
-
-
$88,000

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