Saginaw Shopping Center

5671 Bay Rd Saginaw, MI 48604

FOR SALE
Property Type:
Neighborhood Center
Amount:
$2,799,000
Last Verified:
Sep 21, 2022

Highlights

  • NEIGHBORHOOD SHOPPING CENTER | 37,525-SQUARE FEET
  • SITUATED ON 3.03 ACRES | BUILT IN 2002 IN PHASES
  • ADJACENT TO BUSY WALMART SUPERCENTER & SAM’S CLUB
  • FEE SIMPLE ASSET | OFFERED FREE & CLEAR OF DEBT
  • SEVERAL BELOW MARKET & GROSS RENTS | VALUE-ADD
  • 75% OCCUPANCY | UPSIDE WITH LEASE UP OF 4 VACANT UNITS
  • PARKING LOT IN GOOD CONDITION | MINIMAL CAPEX
  • STRONG AND GROWING DEMOS | 70k PEOPLE IN 5-MILE RADIUS
  • $65K AVERAGE HOUSEHOLD INCOME | ABOVE NATIONAL AVERAGE
  • RETAILERS IN IMMEDIATE VICINITY INCLUDE: WALMART, SAM’S CLUB, HOME DEPOT, ALDI, CABELA’S, LOWE’S, TARGET, TRACTOR SUPPLY CO, MEIJER, KOHL’S, AT HOME, HOBBY LOBBY, ETC.
  • DENSE RETAIL CORRIDOR WITH SEVERAL DEVELOPMENTS
  • SAGINAW, MI | LARGEST CITY IN TRI-COUNTY MSA
  • 25-MINUTE DRIVE TO MBS INTERNATIONAL AIRPORT
  • MINUTES FROM I-75 | OVER 44,000 VEHICLES TRAVELING PER DAY
  • MINUTES FROM SEVERAL NEW HOTEL DEVELOPMENTS

Description

37,525-Square Foot Neighborhood Shopping Center located in Saginaw, MI.

Saginaw, MI


Year Built: 1992
Building Size: 37525sq ft
Lot Size: 3.03 acres

Map of 5671 Bay Rd, Saginaw, MI, 48604

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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