1716 Jefferson AveSaginaw, MI 48601

Property Details for 1716 Jefferson Ave

Lot size

0.78 AC

Property size (Sq ft)

9,880 SF

Zone code

M-1

Property type

Industrial properties

APN

90-80-0-00-2000-200

APU

90800002000200

Description

This 9,275 square foot warehouse, situated on a 0.78-acre lot in Saginaw, Michigan (48601), presents a unique investment opportunity. Built in 1945, the property boasts 14+ foot ceiling heights, a 480V/3-phase power system, and an automatic gate, making it well-suited for various industrial uses. Its strategic location offers seamless access to major highways I-75 and I-96, providing excellent transportation links within Michigan's thriving cannabis market. Importantly, the property has municipal approval for a Class C recreational cultivation license and is eligible for processing, secure transport, or safety compliance licenses. The building offers ample room for expansion towards the rear. The asking price is $295,000. Financing options include a $195,000 down payment with $100,000 seller-financed over two years at 8% interest, amortized over 30 years. Alternatively, a lease option of $8,500 per month (NNN) is available. This property is approximately one hour from Oakland County.

• Alternative Use

  Use

  Valuation

  Residential

  $1,935,930

  Hospitality

  $1,773,302

  Educational

  $1,475,366

  Medical

  $1,526,106

  Retail

  $2,295,014

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4133

Longitude

-83.9429

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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