Property Listing No Longer Available for Sale

1900-1916 South Saginaw, Midland, MI

Shopping Center for Sale - $4,300,000 - 58,049 Sq. Ft. on 3.65 acres


Property Info

CIMLS#969151
Location
  1900-1916 South Saginaw
  Midland MI 48640
UpdatedFebruary 20th, 2018
TypeShopping Center
Price$4,300,000
Building58,049 Sq. Ft.
Land3.65 acres

Property Description

Already at a 9.7% cap rate the well-maintained and updated shopping center has room for upside and increased income with new management. With diversified National and Local Service based Tenants the Shopping Center is protected from E-Commerce competition!! Location, location, location.

Location Description:

Located at the front door of DowDuPont, Midland Plaza has easy access to the highway and is on route for Dow employees leaving work and heading to the suburbs. New $500 million in investments being made by Dow Chemical Corp adding 500 white collar jobs.

Highlights:

>> Six (6) units remodeled in 2011 including HVAC, walls, electrical, plumbing, glass fronts, ceilings

>> Parking lot regraded and repaved in the last quarter of 2009

>> Top 20 busiest Jimmy John's in the Nation

>> Well-maintained property with constant upgrades including Green Energy LED parking lot lighting fixtures

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Financials