Auction - REIT Sale | Former LL Flooring 5901 Brockway Rd Local commercial 580 m² À vendre Saginaw, MI 48638 151 427 € (261,00 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 5903 Brockway Road in Saginaw Township, Saginaw County, Michigan (the “Property”). Formerly occupied by LL Flooring f.k.a. Lumber Liquidators, the Property is being offered significantly below replacement cost—representing a compelling opportunity for owner/users or investors to acquire a highly visible retail asset at a substantial discount. FIRST BID MEETS RESERVE!
Built in 2000 and renovated in 2014, the Property features a ±6,245 SF one-story retail building situated on a ±0.86-acre parcel (±37,466 SF). With 46 surface parking spaces and a high parking ratio greater than 7 spaces per 1,000 SF, the site offers excellent accessibility and visibility. The Property benefits from ±213 feet of frontage along Brockway Road (±9,908 VPD), just off heavily trafficked State Street (±22,706 VPD), and includes a prominent pylon sign. Strategically positioned on an outlot to a freestanding Walmart and adjacent to a Dollar Tree and Rent-A-Center-anchored retail center, the Property sits within one of Saginaw’s most active commercial corridors. Most recently leased on a triple-net (NNN) basis by LL Flooring, the Property presents a value-add opportunity through lease-up at prevailing market rates (Costar estimated retail rents $10-13/SF NNN). Prior to LL Flooring, the site operated as a Blockbuster Video, adding to its legacy as a high-visibility retail location. Zoned B-3, Community Commercial, the Property allows for a wide range of retail and commercial uses, making it highly flexible for repositioning or adaptive reuse.
The Property is located in central Michigan and is a part of the Tri-Cities of Bay City, Saginaw, and Midland. This former retail store is conveniently positioned in the Saginaw Township submarket and offers excellent street frontage and hard-corner visibility at Brockway and Lawndale Road, just off the heavily trafficked State Street corridor. The site is easily accessible, located just ±5 minutes from both I-675 and M-58, ±10 minutes from Downtown Saginaw, and ±20 minutes from MBS International Airport. The surrounding area features a high concentration of national retailers, including Walgreens, McDonald’s, Taco Bell, Arby’s, O’Reilly Auto Parts, Dunham’s Sports, and Hobby Lobby. Educational and healthcare demand drivers are also located nearby, including Mackinaw High School (±2-min), Sherwood Elementary (±3-min), Saginaw Valley State University with ±7,500 students (±10-min), Delta College with ±18,000 students (±15-min), and the Aleda E. Lutz VA Medical Center (±5-min), which serves over ±38,000 Veterans across 35 counties. The Property benefits from a strong surrounding population base, with ±53,674 residents and an average household income of ±$95,499 within a 3-mile radius, and over 87,500 people within 5 miles, supporting year-round demand for daily needs and service-oriented retail.