100 S Michigan Ave - Freestanding FOR SALE


Saginaw, MI 48602
$1,100,000 USD
646-531-2496
100 S Michigan Ave, Saginaw, MI for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

100 S Michigan Ave
Saginaw, MI 48602


OVERVIEW

CBRE is pleased to present for sale the fee simple interest in the historic Ippel Building (the “property”) located at 100 S Michigan Ave, Saginaw, MI. The property is a downtown multi-tenant retail strip center leased to Huntington Bancshares and WestSide Drugs. Huntington Bancshares, occupying around a quarter of the property, is a $183 billion asset regional bank holding company headquartered in Columbus, OH. It is the 26th largest bank in the United States, operating over 1,000 banking offices, primarily in the Midwest. Huntington Bancshares, which just recently extended its lease for another 10 years through the end of 2034, is currently remodeling its space at the Ippel Building.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

Commercial

APN/PARCEL ID

91600067000100

ASK ABOUT THIS PROPERTY

Peter FurestCBREMore Info
646-531-2496

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Peter FurestCBREMore Info
646-531-2496

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.