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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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