322 N. Jefferson

Originally built as a Baptist Church, this building is seeking new life at the door of Saginaw’s Arts and Cultural District.

 

 
Bearinger Fireproof Building

The Project

Built in 1935 as a sanctuary for the First Baptist Church, this property is the first building Saginaw visitors see coming off of Northbound I-675 when entering downtown Saginaw.

pROJECT HIGHLIGHTS

  • Adjacent to the Dow Event Center

  • Public parking available within one block

  • 4,800 square feet

  • No parking requirements

Potential incentives

  • NPS Historic Tax Credit

  • MEDC Community Revitalization Program

  • Opportunity Zone Fund

  • New Markets Tax Credit

  • OPRA

Estimated redevelopment cost

$1 Million

Estimated Equity raise

$150,000-250,000

 

 

The Opportunity

Located directly adjacent to the Dow Event Center, the building provides a redevelopment opportunity for a brewery, open concept office space, or small multi-purpose event space.

322 N. Jeff Opp Assessment.png

The Team

owner

The property is currently owned by Great Lakes Bay Health Centers, which would like to find a potential purchaser to redevelop the facility.

investors

TBD

developer

TBD