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34387218
34387217

2424 North Outer Drive, Saginaw, MI 48601-6010 For Sale

PK
MI 6502433613
Marcus & Millichap - Detroit
RK
IL IL 471013640
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Detroit, Marcus & Millichap - Chicago Oak Brook
Unpriced
3 days on market
Updated 2 days ago

Saginaw Multi-Purpose Facility

Details
APN 10-12-5-09-3004-001
Property Type Special Purpose
Sub Type Redevelopment, Pre and post incarceration residential services (+1)
Square Footage 80,525
Net Rentable (SqFt) 80,525
Tenancy Vacant
Class B
Year Built 1998
Year Renovated 2008
Buildings 1
Stories 1
Acreage 20.290
Zoning M-1 Industrial
Investment Type Redevelopment
Ground Lease No

Special Purpose | 80,525 SqFt

Marketing description

Saginaw Multi-Purpose Facility at 2424 North Outer Drive, Saginaw, Michigan offers a rare opportunity to acquire an 80,525 SF institutional-quality asset on an expansive 20.29-acre campus just off I-75. Originally built in 1998 and renovated in 2008, the property is in good overall condition and positioned for a wide range of adaptive reuse or redevelopment strategies. Designed as a contemporary residential facility, the property features substantial existing infrastructure, including a large multi-purpose recreation area, approximately 30,000 SF of fitness/exercise space, two commercial-grade kitchens, laundry facilities, office space, secure interior corridors, ample surface parking, and extensive outdoor recreation areas. Its strategic location provides exceptional regional connectivity to Saginaw, Bay City, Midland, Flint, Detroit, and MBS International Airport, while nearby employers and institutions support long-term demand. With its low site coverage, surplus land, and flexible potential for multifamily, workforce housing, senior living, student housing, transitional housing, or other specialty residential use, this is a compelling value-add and redevelopment opportunity in one of Mid-Michigan’s key growth corridors.

Investment highlights

  • Irreplaceable 20.29-acre parcel in Saginaw, Michigan — a footprint rarely available at this scale
  • Contemporary 80,525 SF residential building in good physical condition
  • Strategic I-75 corridor location ensuring exceptional visibility and regional connectivity
  • Significant interior and exterior recreation amenity base requiring minimal capital to reactivate
  • 1998 construction with a 2008 renovation cycle — major structural and systems components recently refreshed
  • Flexible re-development potential across multiple residential product types
  • Below-market acquisition basis relative to replacement cost
  • Saginaw County's ongoing infrastructure investment and community revitalization creating positive momentum
  • Ideal for institutional buyers, regional developers, and opportunity zone-focused capital

Listing Contacts

PK
MI 6502433613
Marcus & Millichap - Detroit
RK
IL IL 471013640
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Detroit, Marcus & Millichap - Chicago Oak Brook

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Additional Information

Name
Paul Kerber
License
MI 6502433613
Title
Broker of Record
Name
Paul Kerber
License
6502433613
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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