Investment Overview

Marcus & Millichap has been retained to offer the Saginaw Multi-Purpose Facility located in Saginaw, Michigan to the investment market. Ideally situated just off Interstate 75, Saginaw is located in the center of the lower peninsula of Michigan, half-way between Ohio border and the upper peninsula of the State. This is an excellent opportunity with significant upside potential through a user or for redevelopment or modification to suit a new use. With 80,525 square feet on a large 20.29-acre parcel, this former juvenile housing and treatment center may be in a configuration that could fit another governmental type of use. Originally constructed in 1998, the facility was updated in 2008 and is in good condition. Depending on the intended use, some basic work is needed to simply restore to full operational condition. The property redevelopment could include a minor conversion for any number of uses by City, County, State or Federal departments. A senior housing modification could also be a path forward and expansion potential exists for any purpose with the large amount of extra land. Current zoning and potential use flexibility from the City of Saginaw should allow for possible renovation and construction that will maximize the physical and financial potential of the property. A good-sized market, the Saginaw MSA population is just under 190,000 and is known as a part of the Tri-Cities region of Michigan (375,000 population) that also includes Midland (home to Dow Chemical) & Bay City (GM Global Propulsion Systems). The immediate area both east and west of I-75 has many active properties with close corporate neighbors such as Peerless Steel, Nexteer Automotive, Kenworth, Cummins, Freightliner, Penske, Old Dominion Freight, Aleris Aluminum Recycling and more. The Saginaw Multi-Purpose property is being offered on an unpriced basis allowing for full assessment by companies, users and investors of all aspects of this outstanding acquisition and re-development opportunity.