REO: Riverview Plaza | Value-Add Multi-Tenant Retail Center

Highlights:

• Near-Downtown Location with River Frontage Situated directly across the Saginaw River from Downtown Saginaw, steps from the Dow Event Center, transit, and municipal services.
• Immediate I-675 Visibility & Access Freeway-visible site just blocks from an I-675 interchange with direct connectivity to I-75, Michigan's primary north-south commercial corridor.
• In-Place NOI of $251,206 at 58% Occupancy Stabilized income from 9 tenants including Citi Trends, Aaron's, and Advance America with a weighted rent roll generating $417,962 annually.
• 42% Vacancy Offers Meaningful Lease-Up Upside Four vacant suites totaling 37,270 SF — including a 21,100 SF anchor space — provide a clear path to significantly higher NOI.
• Flexible MU-4 Zoning Supports Broad Reuse Mixed-Use 4 designation permits office, residential, hotel, retail, medical, school, and R&D uses, unlocking long-term redevelopment optionality.
• Downtown Saginaw Investment Wave Underway The Medical Diamond initiative, CMU College of Medicine expansion, and a $35M mixed-use project are driving renewed momentum in the surrounding market.

Description:

Ri Marketplace Online Auction May 18th-20th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3105/retail/saginaw/mi?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3105

Friedman Real Estate, in conjunction with RI Marketplace, is pleased to offer the REO auction sale of Riverview Plaza, an ±88,774 SF multi-tenant retail strip center situated on ±6.75 acres at 240-320 W Genesee Avenue in Saginaw, Michigan — directly across the Saginaw River from Downtown Saginaw and within blocks of an I-675 interchange providing convenient access to I-75. The Property is currently 58% occupied by nine tenants including national and regional names such as Citi Trends, Aaron's, and Advance America, generating in-place NOI of $251,206 on gross income of $538,898. Four vacant suites totaling 37,270 SF — including a 21,100 SF anchor-ready space — represent a clear lease-up opportunity for a buyer seeking to drive NOI well above current levels. Zoned MU-4, the site also supports a wide range of alternative uses including residential, hotel, medical, and office, providing meaningful redevelopment optionality within a market experiencing active public and private investment. With two road frontages on Genesee Avenue and Davenport Avenue, ±400 surface parking spaces, and freeway visibility, the Property offers an investor the chance to acquire a well-positioned retail asset at a reset basis in Michigan's Great Lakes Bay Region.



Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: