8175 Gratiot Rd

Retail-Commercial for Sale
Catylist Listing ID: 30842909
Property Subtypes: Mixed Use
Building Size (RSF): 53,726 SF
Gross Building Area: See Agent
Gross Land Area: 6.93 Acres
Sale Price: $2,500,000
Unit Price: $46.53 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 90
Last Updated: 5/15/2023

Overview / Comments

This impressive commercial retail property is an outstanding investment opportunity, featuring a total of 53,726 square feet with long-term tenants occupying the space. With 90% occupancy, this property has a proven track record of success, ensuring a stable source of income for potential investors. The property's recent updates, including a newer front parking lot and roof replacements, ensure that it is well-maintained. With its prime location and desirable features, this commercial retail property is a must-see for any serious investor looking to expand their portfolio.


Finance Data Year 2023
Real Estate Taxes - Annual($) $33,756 (Annual)
Gross Operating Income $190,585 (Annual)
Net Operating Income $124,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Tax ID/APN: 28-12-3-26-4020-001
Property Located Between: Victor Dr. and Sparling Dr.
Property Visibility: Excellent
Feet of Frontage: 445
Tenancy: Multiple Tenants
Total Number of Buildings: 8
Year Built: 1987
Construction/Siding: Wood Siding
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Legal Description: W 126 FT OF E 957 FT OF N 350 FT OF N1/2 OF SE1/4 ALSO N 250 FT OF W 195 FT OF E 1152 FT OF N 1/2 OF SE 1/4 2.13 ACRES SEC 26 T12N R3E N 350 FT OF W 125 FT OF E 831 FT OF N 1/2 OF SE 1/4 1.0 ACRE SEC 26 T12N R3E. E 195 FT OF W 1695 FT OF S 85 FT OF N 335 FT OF N 1/2 OF SE 1/4 0.38 ACRE SEC 26 T12N R3E W 126 FT OF E 957 FT OF N1/2 OF SE 1/4 EXC N 350 FT THEREOF 2.76 ACRES SEC 26 T12N R3E. W 125 FT OF E 831 FT OF N 1/2 OF SE 1/4 EXC N 350 FT THEREOF 2.77 ACRES SEC 26 T12N R3E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,486 23,413 66,034
Median Age: 46.58 43.54 42.9
Households: 1,865 10,293 28,214
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