5524 S. Saginaw Street 16051SL

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30646587
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 2,271 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $239,900
Unit Price: $105.64 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2021

Overview / Comments

All brick professional building with 1,630 SF on the main floor. Ideal for medical or general office; commercial zoning also allows for retail stores, computer services, daycare, hair salons, banks, photography studio, veterinarians, pet grooming, and more! The main building is two-story with a finished second story and basement. The 630 SF studio building is ideal for client area or meeting room; perfect for rental income. Busy Dort Hwy corridor with 13,200+ Traffic Count and +/-1 mile to I-475 on Hill Road.

2020 Taxable Value $65,737
2019 Winter/2020 Summer Property Taxes $3,749.36
2020 Assessed Value $75,300 (See attached Equalization Information)

Property Improvements

With an eye toward keeping the unique character and style of the original brick structure built in 1930, with vintage glass window panes and cedar storage closets, the owner has made the following improvements to the property:
- Original windows re-glazed, storms installed and caulked
- New energy-efficient furnace in the main building in 2019
- New Nest thermostat
- New interior, non-florescent lighting fixtures installed
- New flue installed in chimney allowing for working gas fireplace in the front office
- Ceiling fan in the small conference room
- New bathroom installed in the basement
- Paint throughout
- New Consumer’s meter
- Parking lot resurfaced in 2012 ($18,000)
- New landscaping and mulch
- Trex deck for the studio building

Additional Details

Nearest MSA: Flint
County: Genesee
Taxing Authority: Grand Blanc Township
Tax ID/APN: 25-12-05-576-005
Property Located Between: Hill and Maple Road
Property Visibility: Excellent
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1930
Year Renovated: 2008
Roof Type: Gable
Parking Type: Surface
Zoning Description: General Commercial
Lot Frontage: 132
Lot Depth: 280.5
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,237 63,041 130,439
Median Age: 35.09 36.91 36.88
Households: 2,977 25,878 52,806


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