Homes for sale - 8175 Gratiot Road, Thomas Twp, MI 48609

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$1,900,000

Est. payment - /mo

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53,726 SqFt

Price Dropped by $100K

8175 Gratiot Road Thomas Twp, MI 48609

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Haven Arnold

info@havenarnold.com +1(734) 489-1454

UPDATED:

10/31/2024 11:48 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 53,726 sqft

Price per Sqft $35

MLS Listing ID 61050108878

Originating Board Saginaw Board of REALTORS®

Year Built 1987

Annual Tax Amount $33,756

Lot Size 6.930 Acres

Acres 6.93

Lot Dimensions irregular

Property Description

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. Recent rent increases have raised the cap rate.

Location

State MI

County Saginaw

Area Thomas Twp

Zoning Commercial

Interior

Heating Forced Air, Central Air

Exterior

Waterfront no

Roof Type Shingle

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Other,Wood

Schools

School District Swan Valley

Others

Tax ID 28123264020001

Ownership Corporate/Relocation,Short Sale - No

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Full Service

Listed by Seth Vendelboe of NextHome Greater Tri-cities

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Haven Arnold

Realtor | License ID: 6501446817

+1(734) 489-1454