1982 Hemmeter RdSaginaw, MI 48638

  • Commercial real estate
  • 5,616 SF
For Sale
$525,000 View listing

Property Details for 1982 Hemmeter Rd

Year built
1966
Lot size
0.33 AC
Property size (Sq ft)
5,616 SF
Zone code
B-1
Property type
Commercial real estate
APN
23-12-4-21-1202-000
APU
23124211202000

Description

This exceptional business opportunity presents a remarkable two-story brick building situated on a highly visible corner lot in Saginaw Township, at the intersection of Hemmeter and State Street. The property boasts a substantial 5,616 square feet of space, ideally suited for a variety of commercial ventures. The building's prime location is further enhanced by a digital sign, ensuring maximum visibility and attracting potential customers. The property sits on a 0.32-acre lot, offering ample space and potential for expansion or outdoor use. The building itself is in excellent condition, showcasing meticulous maintenance and attention to detail. The upper level features two rental units, one of which is currently vacant and recently updated, ready for immediate occupancy by a new tenant. The lower level is owner-occupied, demonstrating the property's inherent value and suitability for a thriving business. This turnkey opportunity combines a desirable location, attractive building features, and immediate income potential from the existing rental units, making it an exceptional investment for discerning buyers. The digital signage provides a significant marketing advantage, while the all-brick construction ensures durability and low maintenance. This property represents a rare chance to acquire a well-maintained, high-visibility commercial building in a thriving Saginaw Township location. The combination of a strong location, updated rental units, and the owner-occupied space presents a unique and compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,100,424
    Hospitality
    $1,007,982
    Educational
    $838,629
    Medical
    $867,471
    Retail
    $1,304,534

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4363
Longitude
-84.0045
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
$8,608
-
-
$168,200
-
-
-
$336,400

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