Value-Add Shopping Center | Saginaw, MI
13 Units
Marketing description
For registration requirements and regulations, please review here or contact Hannah Ladenheim | 936-274-1332 | hladenheim@crexi.com.
Introducing the Saginaw Shopping Center, located at 5671-5719 Bay Rd, Saginaw, MI 48604 – a prime commercial property up for auction! This bustling shopping center offers a lucrative investment opportunity that can't be missed. Featuring a diverse mix of tenants and strong rental income, this property presents a solid financial prospect for savvy investors. Its strategic location, impressive demographics, and market viability make it a desirable asset in the vibrant Saginaw area. The auction process for this property is simple and convenient, taking place on Crexi's online platform from June 9th to June 11th, 2025. Don't miss this chance to own a profitable piece of real estate in Saginaw! Reach out to the listing broker or Crexi representative for more information and get ready to seize this fantastic investment opportunity!
· Non-Contingent
· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
· $10,000 Participation Deposit
5671-5719 Bay Rd, Saginaw, MI 48604
Investment highlights
- Value-Add Investment Opportunity: Currently 75% occupied, the property generates a strong Net Operating Income (NOI) of $231,667. The balance of the rent roll remains vacant providing investors significant upside potential.
- Established Tenancy: Jet’s Pizza, a national brand, has been operating at this location for over 15 years demonstrating long-term commitment to the site. Perani’s Hockey World is another well-established regional tenant with 19+ years of continuous operation at this location.
- Shadow-Anchored by High-Performing Retailers: The Property benefits from being shadow anchored by Walmart and Sam’s Club, driving significant visibility and traffic with 22,604 vehicles per day passing the site.
- Regional Retail Synergy: Positioned in a vibrant retail corridor with a strong mix of national and regional tenants including Culver’s, Aldi, Target, Meijer, Walmart, Sam’s Club, McDonald’s, and more. This dynamic tenant mix reinforces the location’s draw and long-term viability.
- Saginaw Valley State University (SVSU): Situated just minutes from the property, SVSU is a comprehensive public university offering over 100 undergraduate and graduate programs. With a total enrollment of 6,822 students as of Fall 2024 , SVSU plays a pivotal role in the region's educational landscape.
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