5050 Zelle DrBridgeport charter Township, MI 48722

Property Details for 5050 Zelle Dr

Year built

1976

Lot size

0.96 AC

Property size (Sq ft)

4,250 SF

Property type

Commercial real estate

APN

09-11-5-22-1010-001

APU

9115221010001

Description

This exceptional retail investment opportunity presents a 6,000-square-foot, single-story building situated on a 30,000-square-foot lot in Bridgeport Charter Township, Michigan. Currently housing three tenants with 100% occupancy, this property boasts a strong net lease structure, ensuring a steady income stream. The building, constructed in 2000 and extensively renovated in 2023, features a 10-foot ceiling height and is zoned for commercial use. The property's prime location offers exceptional visibility from major thoroughfares, including I-75, US-23, and US-10, providing easy access to Frankenmuth, Saginaw, and the broader Northern Michigan region. With two parking spaces currently available, the property offers a parking ratio of 25 spaces per 1,000 square feet. The asking price is $1,099,000, translating to $149.75 per square foot. The property's current tenants include a convenience store, pharmacy/drug store, and storefront, demonstrating its versatility and appeal to a diverse range of businesses. The property's existing infrastructure allows for expansion up to 20,000 square feet, presenting significant potential for future development and increased revenue. The parcel number is 09-11-5-22-1010-001. This is a turnkey investment opportunity with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $832,764

  Hospitality

  $762,807

  Educational

  $634,646

  Medical

  $656,473

  Retail

  $987,228

Location Insight

City

Bridgeport

County

Saginaw

State

Michigan

Latitude

43.3498

Longitude

-83.8615

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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