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6270 State St 3,880 SF 68% Leased Retail Building Saginaw, MI 48603 $599,000 ($154.38/SF) 8.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Full Leased Investment Property
EXECUTIVE SUMMARY
Looking for a profitable investment property? Check out this property in Saginaw Township, leased and ready to provide a steady stream of income. Don't miss out on this wonderful opportunity!"
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$53,730
|
$13.85
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $53,730 |
| Annual Per SF | $13.85 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,880 SF
Building Class
B
Year Built
1970
Price
$599,000
Price Per SF
$154.38
Cap Rate
8.97%
NOI
$53,730
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.89 AC
Zoning
B-1 - General Business District
Parking
20 Spaces (5.15 Spaces per 1,000 SF Leased)
Frontage
150’ on State St
AMENITIES
- 24 Hour Access
- Drive Thru
- Monument Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 2
- 1,232 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2 | 1,232 SF | Office | - | Now |
2
| Size |
| 1,232 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23124184115000 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $144,100 (2025) |
PROPERTY TAXES
Parcel Number
23124184115000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$144,100 (2025)
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6270 State St
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