Shopping Center for Sale
Also listed as Retail-Commercial, Business Opportunity
Catylist Listing ID: 30852114
Property Subtypes: Community Center, Neighborhood Center, Net Leased, Power Center, Strip Center, Other
Building Size (RSF): 38,426 SF
Gross Land Area: 7.73 Acres
Sale Price: $1,795,000
Unit Price: $46.71 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: BLOCKS PLAZA
Usable Size (USF): 38,426 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2023

Overview / Comments

Unique opportunity to invest in a Saginaw multi-tenant neighborhood retail center. Block's Plaza has a long-standing reputation in the community as a convenient destination for dining, retail, service and community-focused businesses. Currently comprised of 15 rentable suites with only 3 vacancies, the property is comprised of two parcels with two addresses: 30 N. Center & 210 N. Center totaling 7.73 acres of land of which approximately 2 acres is currently vacant and developable. Extensive exterior renovations completed this year include complete exterior refresh consisting of replacing of front overhangs, canopies and soffits and new exterior paint. Three points of ingress/egress on N. Center Road with approximately 600' of frontage with an additional 140' of frontage on Gratiot Road (M-46).

Contact Trademark Commercial Group at 989-792-6400 without delay for more information and to schedule a confidential showing of the property.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: SAGINAW TWP
Tax ID/APN: cpixtax

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,166 65,657 106,317
Median Age: 46.1 38.18 38.72
Households: 4,117 27,298 43,601


Photograph of Listing Agent

Gretchen Witherspoon,SIOR,CCIM

Trademark Commercial Group CPIX Member
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