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.
For sale
$724,900
548 Shattuck Rd, Saginaw, MI 48604
15beds
11,840sqft
Est.:
Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$61/sqft
$-- HOA
What's special
- 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#: 50134192
Originating MLS: Saginaw Board of REALTORS
Tour with a local agent
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
Estimated market value
Not available
Estimated sales range
Not available
$785/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2025 | Price change | $724,900-4.6%$61/sqft |
Source: | ||
| 2/28/2025 | Price change | $759,900-3.8%$64/sqft |
Source: | ||
| 2/14/2025 | Listed for sale | $789,900$67/sqft |
Source: | ||
| 12/16/2024 | Pending sale | $789,900$67/sqft |
Source: | ||
| 9/27/2024 | Price change | $789,900-5.4%$67/sqft |
Source: | ||
| 9/19/2024 | Price change | $834,900-5.7%$71/sqft |
Source: | ||
| 7/29/2024 | Price change | $884,900-1.7%$75/sqft |
Source: | ||
| 6/18/2024 | Price change | $899,900-5.2%$76/sqft |
Source: | ||
| 2/23/2024 | Listed for sale | $949,000+475.2%$80/sqft |
Source: | ||
| 4/16/2020 | Listing removed | $650 |
Source: Shinners & Chasnis Report a problem | ||
| 2/26/2020 | Listed for rent | $650 |
Source: Shinners & Chasnis Report a problem | ||
| 11/18/2019 | Listing removed | $650 |
Source: Shinners & Chasnis Report a problem | ||
| 8/6/2019 | Listed for rent | $650 |
Source: Shinners & Chasnis Report a problem | ||
| 5/25/2019 | Listing removed | $650 |
Source: Shinners & Chasnis Report a problem | ||
| 3/5/2019 | Price change | $650-3.7% |
Source: Shinners & Chasnis Report a problem | ||
| 9/19/2018 | Price change | $675+15.4% |
Source: Shinners & Chasnis Report a problem | ||
| 3/2/2018 | Listed for rent | $585 |
Source: Shinners & Chasnis Report a problem | ||
| 6/18/2015 | Listing removed | $165,000-15.4%$14/sqft |
Source: Acres & Homes Realty Inc #31213588 Report a problem | ||
| 5/31/2012 | Sold | $195,000-13.3%$16/sqft |
Source: | ||
| 2/2/2012 | Price change | $225,000+12.6%$19/sqft |
Source: Wilson Realty, Inc. #113331 Report a problem | ||
| 1/16/2012 | Price change | $199,900-11.2%$17/sqft |
Source: Wilson Realty, Inc. #113331 Report a problem | ||
| 12/10/2011 | Listed 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
More affordability tools
Climate risks
Neighborhood: 48604
Nearby schools
GreatSchools rating
- 4/10Carrollton Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Carrollton Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Carrollton High SchoolGrades: 8-12Distance: 1 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Michigan
- Saginaw County
- Saginaw
- 48604
- 548 Shattuck Rd

