Gilbert-Smith Law Office 721 S Michigan Ave 5,367 SF 100% Leased Office Building Saginaw, MI 48602 £150,681 (£28.08/SF)
INVESTMENT HIGHLIGHTS
- Former Historical Mansion, with numerous up grades, well maintained, and has very impressive eye appeal.
- Classic and Stately
- Great site for a multiple living complex, has been well maintained. A former historical mansion.
- Beautiful wood work throughout the building, has 2,453 sq. ft. basement area.
EXECUTIVE SUMMARY
Very Nice Law office located 2 blocks from the Saginaw County Court House, a former historical mansion remodeled into law offices. Reception area, Library, Conference Room, 2 General offices, 3 Private offices, Rest Room on the First Floor. The 2nd Floor has 4 private offices, 2 secretary stations and a restroom. The basement area has a large office, archive area, restroom, lunchroom, Boiler area, newer Boiler (9 years) plus Gas Forced air heat, with air-conditioning, newer shingle roof, handicap ramp, alarm system, ample asphalt parking lot (20 plus cars)
The building is well maintained and would make a lovely multiple residential living site. Located at the corner of Michigan Ave. & Williams St. (one way).
The building is well maintained and would make a lovely multiple residential living site. Located at the corner of Michigan Ave. & Williams St. (one way).
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
5,367 SF
Building Class
C
Year Built/Renovated
1874/1979
Price
£150,681
Price Per SF
£28.08
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,684 SF
Slab to Slab
10 ft
Building FAR
0.37
Lot Size
0.33 AC
Zoning
RMU - 201 COMMERCIAL IMPROVED
Parking
21 Spaces (3.91 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Air Conditioning
1 of 1
Walk Score®
Very Walkable (78)
