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For sale
  • $724,900

    548 Shattuck Rd, Saginaw, MI 48604

    15beds
    11,840sqft
    : 
    Multi Family
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $61/sqft
    $-- HOA

    What's special

    Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5% Residential 8 Units – 100% occupied with stable income. Warehouse 8,000 SF – 100% occupied. Below-market rents. Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity. Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC. Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential. High cash-flow asset with immediate income and strong upside. Priced for fast sale.
    795 days
    |
    468
    |
    21
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Burback 989-751-7288,

    The Miller Group 989-790-0767

    Source: MiRealSource,MLS#: 50134192MLS LogoOriginating MLS: Saginaw Board of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 15
      • Bathrooms: 16
      • Full bathrooms: 8
      • 1/2 bathrooms: 8
      Bedroom 1
      • Features: No
      Heating
      • Forced Air
      Features
      • Has basement: Yes
      • Has fireplace: No
      Interior area
      • Total structure area: 11,840
      • Total interior livable area: 11,840 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Detached
      • Garage spaces: 10
      Features
      • Levels: Quad-Level
      Lot
      • Size: 1.47 Acres
      • Dimensions: 232 x 295
      Details
      • Parcel number: 111241230030000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Foundation: Basement
      Condition
      • Year built: 1972

      Utilities & green energy

      • Gas: Natural Gas
      • Sewer: Community
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Ely Para
      Location
      • Region: Saginaw

      Financial & listing details

      • Price per square foot: $61/sqft
      • Annual tax amount: $9,755
      • Date on market: 2/23/2024
      • Cumulative days on market: 732 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Ownership type: LLC
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $785/mo

        Price history

        DateEventPrice
        12/19/2025Price change$724,900-4.6%$61/sqft
        Source: MiRealSource #50134192 Report a problem
        2/28/2025Price change$759,900-3.8%$64/sqft
        Source: MiRealSource #50134192 Report a problem
        2/14/2025Listed for sale$789,900$67/sqft
        Source: MiRealSource #50134192 Report a problem
        12/16/2024Pending sale$789,900$67/sqft
        Source: MiRealSource #50134192 Report a problem
        9/27/2024Price change$789,900-5.4%$67/sqft
        Source: MiRealSource #50134192 Report a problem
        9/19/2024Price change$834,900-5.7%$71/sqft
        Source: MiRealSource #50134192 Report a problem
        7/29/2024Price change$884,900-1.7%$75/sqft
        Source: MiRealSource #50134192 Report a problem
        6/18/2024Price change$899,900-5.2%$76/sqft
        Source: MiRealSource #50134192 Report a problem
        2/23/2024Listed for sale$949,000+475.2%$80/sqft
        Source: Realcomp II #61050134192 Report a problem
        4/16/2020Listing removed$650
        Source: Shinners & Chasnis Report a problem
        2/26/2020Listed for rent$650
        Source: Shinners & Chasnis Report a problem
        11/18/2019Listing removed$650
        Source: Shinners & Chasnis Report a problem
        8/6/2019Listed for rent$650
        Source: Shinners & Chasnis Report a problem
        5/25/2019Listing removed$650
        Source: Shinners & Chasnis Report a problem
        3/5/2019Price change$650-3.7%
        Source: Shinners & Chasnis Report a problem
        9/19/2018Price change$675+15.4%
        Source: Shinners & Chasnis Report a problem
        3/2/2018Listed for rent$585
        Source: Shinners & Chasnis Report a problem
        6/18/2015Listing removed$165,000-15.4%$14/sqft
        Source: Acres & Homes Realty Inc #31213588 Report a problem
        5/31/2012Sold$195,000-13.3%$16/sqft
        Source: MiRealSource #20030857 Report a problem
        2/2/2012Price change$225,000+12.6%$19/sqft
        Source: Wilson Realty, Inc. #113331 Report a problem
        1/16/2012Price change$199,900-11.2%$17/sqft
        Source: Wilson Realty, Inc. #113331 Report a problem
        12/10/2011Listed for sale$225,000$19/sqft
        Source: Wilson Realty, Inc. #113331 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment
        $4,474/mo
        Principal & interest
        $3526
        Property taxes
        $948
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          Climate risks

          Neighborhood: 48604

          Getting around

          35 / 100
          Car-Dependent
          34 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Carrollton School District

          Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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