Priced to sell at $350,000 - well below land value, this 52,893 sq ft institutional facility on 9.06 acres offers one of the strongest redevelopment opportunities in Saginaw. Located at 1413 Gratiot Avenue, the property features a solid foundation, a full commercial kitchen, and a former layout of 47 rooms,… Read More previously used as an assisted living facility. The interior requires a complete rehab, making it ideal for investors seeking a large-scale value-add project. A major advantage for developers: the City of Saginaw has approved a 12-YEAR Property Tax Abatement, significantly enhancing long-term feasibility and ROI. With its size, land, and flexible potential uses - including medical, senior care, behavioral health, storage, institutional, industrial, or multi-use conversion - this property represents a rare, high-upside opportunity at an unbeatable price.All measurements and tax information are approximate; buyer to verify all information. Agent must be present at all showings. No power or heat at the building - please bring a flashlight. Cash Only offers Read Less
Courtesy of Century 21 Curran & Oberski.
Listing Snapshot
Days Online
51
Last Updated
Property Type
Commercial/Industrial
Square Ft.
52,893
Lot Size
9 Acres
MLS Number
60974981
30 Days Snapshot Of 48602
$285k
0%
(avg) sold price
10
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Class A
Building
52,893 square feet
Exterior Features
Shingle
Foundation
Basement
Water Features
Other-See Remarks
Lot
9 acres, Lot size: 20x60
Property
Commercial
Taxes
Total amount: $27,348
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