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$ 349,900
Est. payment | /mo
52,893 SqFt
$ 349,900
Est. payment | /mo
52,893 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 52,893 sqft
Price per Sqft $6
Subdivision Binder & Seyffardts Add
MLS Listing ID 20261015119
Year Built 1955
Lot Size 9.000 Acres
Acres 9.0
Property Sub-Type RealEstateOnly
Property Description
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, 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
Location
State MI
County Saginaw
Area Area73072Saginaw
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, InsulatingConcreteForms
Sewer Public Sewer
Water Other
New Construction No
Schools
School District Saginaw City
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
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Listed by MK Hamid of Century 21 Curran & Oberski