400 Federal AveSaginaw, MI 48607

  • Commercial real estate
  • 158,597 SF
For Lease
$12/SF/YR View listing

Property Details for 400 Federal Ave

Year built
1954
Lot size
1.62 AC
Property size (Sq ft)
158,597 SF
Zone code
RMU
Property type
Commercial real estate
APN
90-30-0-23-7000-000
APU
90300237000000

Description

This exceptional 77,000 square foot space, located on the second floor of 400 Federal Avenue in downtown Saginaw, Michigan, presents a unique opportunity for a single tenant. Previously utilized as retail space, this adaptable area is ideally suited for conversion into a modern office environment. The expansive layout features predominantly open floor plans, offering significant flexibility for customization to meet specific business needs. The building itself boasts a total of 116,000 square feet spread across two stories, and includes convenient elevator access. Situated in the heart of Saginaw's downtown area, this property benefits from high visibility and easy access to local amenities and transportation. The single-tenant occupancy ensures complete control and privacy. With its generous square footage and prime location, this property is perfect for a company seeking a large, adaptable workspace in a vibrant urban setting. The zip code is 48607. The property is classified as both traditional and creative office space, and is part of a single building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $31,076,186
    Hospitality
    $28,465,620
    Educational
    $23,683,062
    Medical
    $24,497,558
    Retail
    $36,840,316
400 Federal Ave, Saginaw, Michigan

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4309
Longitude
-83.9368
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
$7,240
-
-
$103,000
-
-
-
$206,000

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