128 S. Washington Avenue

Prime mixed-use redevelopment opportunity at the heart of Downtown Saginaw.

 

 
Bearinger Fireproof Building
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The Project

The building at 128 N. Washington was originally built in 1879. With excellent sidewalk and street visibility at the center of Riverfront Saginaw, this building is in the middle of it all.

pROJECT HIGHLIGHTS

  • Across the street from the Temple Theatre and Morley Plaza

  • Directly adjacent to public parking deck

  • 12,841 square feet on two floors, featuring a mezzanine

  • No parking requirements

Potential incentives

  • NPS Historic Tax Credit

  • MEDC Community Revitalization Program

  • Opportunity Zone Fund

  • New Markets Tax Credit

  • OPRA

  • Brownfield TIF

Estimated redevelopment cost

$1-2 Million

Estimated Equity raise

$200,000-400,000

 

 

The Opportunity

Located directly across from the Temple Theatre and along a public alley adjacent to the Dow Event Center Parking Deck, the building is ideally located for commercial use or as a mixed-use with ground floor retail and loft residential above.

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The Team

owner

The property is currently owned by a local resident.

investors

TBD

developer

TBD