5050 Gratiot RdSaginaw, MI 48638

  • Commercial real estate
  • 11,114 SF
For Sale
$1,750,000 View listing

Property Details for 5050 Gratiot Rd

Year built
1999
Lot size
1.60 AC
Property size (Sq ft)
11,114 SF
Zone code
B-3
Property type
Commercial real estate
APN
23-12-4-29-1008-000
APU
23124291008000

Description

This exceptional 11,114 square foot retail storefront, located at 5050 Gratiot Rd in Saginaw, Michigan, presents a remarkable investment opportunity. Situated on a 1.604-acre lot, this property boasts a prominent location at the intersection of M-46 (Gratiot) and Center Road in Saginaw Township, ensuring high visibility and accessibility. Built in 1999, the single-story building is currently vacant, offering a blank canvas for a wide range of retail businesses. The property is zoned B-3, allowing for diverse commercial uses. The former Rite Aid location offers ample space for a variety of retail concepts, benefiting from its established infrastructure and convenient access for customers. With its substantial size and prime location, this property is poised for significant success. The asking price is $1,750,000. This is a for sale by owner listing. The property features one building and is currently vacant. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,177,726
    Hospitality
    $1,994,785
    Educational
    $1,659,638
    Medical
    $1,716,715
    Retail
    $2,581,658

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4159
Longitude
-84.0154
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
$21,217
-
-
$614,600
-
-
-
$1,229,200

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