About 8175 Gratiot Rd
This impressive commercial retail property is an outstanding investment opportunity, featuring a total of 53,726 square feet with long-term tenants occupying the space. With 90% occupancy, this property has a proven track record of success, ensuring a stable source of income for potential investors. The property's recent updates, including a newer front parking lot and roof replacements, ensure that it is well-maintained. With its prime location and desirable features, this commercial retail property is a must-see for any serious investor looking to expand their portfolio. Recent rent increases have raised the cap rate.
Features of 8175 Gratiot Rd
| MLS® # | 61050108878 |
|---|---|
| Price | $1,900,000 |
| Bathrooms | 0.00 |
| Acres | 6.93 |
| Year Built | 1987 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 8175 Gratiot Rd |
|---|---|
| Area | 73061 - Thomas Twp |
| City | Thomas township |
| County | Saginaw |
| State | Michigan |
| Zip Code | 48609 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Construction | Other, Wood Siding |
|---|
School Information
| District | Swan Valley |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | NextHome Greater Tri-cities |
|---|---|
| Contact Info | seth.vendelboe@charter.net |