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1413 Gratiot Ave 55,000 SF Health Care Building Offered at $474,818 CAD in Saginaw, MI 48602
Investment Highlights
- Situated on 9.06 acres with a 52,893-square-foot institutional building offering extensive redevelopment potential.
- Approved 12-year property tax abatement by the City of Saginaw, enhancing long-term investment returns.
- Solid structural foundation provides a strong base for large-scale renovation or redevelopment projects.
- Includes a full commercial kitchen and a former layout of 47 rooms, suitable for adaptive reuse.
- Flexible zoning and property size allow for multiple uses, including medical, senior care, behavioral health, or industrial conversion.
- Offered at $350,000, significantly below land value, creating a rare value-add opportunity in the Saginaw market.
Executive Summary
Priced to sell at $350,000 well below land value, this 52,893 sq ft institutional facility on 3.90 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
Property Facts
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 91-80-0-03-5000-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $638,570 CAD |
Property Taxes
Parcel Number
91-80-0-03-5000-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$638,570 CAD
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1413 Gratiot Ave
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