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8175 Gratiot Road, Thomas Twp, MI 48609
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$1,900,000
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Home Details for 8175 Gratiot Road
Price
$1,900,000
Type
Commercial/Industrial
Year Build
1987
Sq. Ft.
53726
Lot Size
6.93
County
Saginaw
Tax
$33,756.71
MLS®️ Listing#
61050108878
On exitrealty.com
601 days
Property Description
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.
- Cooling Information
- CentralAir
- Heating Information
- Forced Air
- Water Features
- Public
Listing courtesy: NextHome Greater Tri-cities - 989-759-9606
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Market statistics compiled from data from Michigan Regional Information Center.
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EXIT REALTY GROUP
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$1,900,000
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EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446