8175 Gratiot Road Active Save Request In-Person Tour Request Virtual Tour
Thomas Twp,MI 48609
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
Year Built 1987
Annual Tax Amount $33,756
Lot Size 6.930 Acres
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
Roof Type Shingle
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Other,Wood
Schools
School District Swan Valley
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Full Service