50-52 N. Saginaw

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 29923954
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 11,538 SF
Gross Building Area: See Agent
Gross Land Area: 0.13 Acres
Sale Price: $650,000
Unit Price: $56.34 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/14/2020

Overview / Comments

• Two story retail; separate entrances to both levels.
• Former restaurant, but can be any retail or office user.
• Large loft potential on 2nd floor.
• 1st Floor is approximately 5,600 SF (40'x 140') + basement (possible to split)
• 2nd floor is approximately 4,000 SF.
• 2nd Floor can be retail, office or possibly a large loft apartment with "walk out porch" potential.
• 12' ceiling heights per floor.


Finance Data Year 2013
Real Estate Taxes - Annual($) $12,505 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 50-52 N Saginaw St
Property Located Between: M-59 & E Lawrence St
Side of Street: East
Road Type: Paved
Property Visibility: Good
Airports: Detroit City Airport 34 min 28.6 mi, Detroit Metropolitan Wayne County Airport 51 min 40.7 mi, Bishop International Airport 45 min 43.1 mi
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1950
Year Renovated: 1974
Parking Type: Surface
Parking Description: Public/Private Lot

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,062 87,429 183,605
Median Age: 34.59 36.57 39.26
Households: 5,243 34,583 72,262


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