234 S Water St

Overview

Amazing property and opportunity on the Saginaw River. Built in 1909 as an amory and remodeled beginning in 2000 over the years. A two story historical building of 6,825 SF per floor with a lower level of 3,052 SF. The first floor consists of several offices and work areas with class A finishes and two good size restrooms. The second floor operated as a lounge and "Indigo" venue with seating, dance floor, kitchen area and a full bar overlooking the Saginaw River. The building has seven HVAC units with 3 servicing the first floor and 4 servicing the Indigo lounge on the second floor. The lower level provides additional space and potential for fuure use.The sale price includes an additional parcel, 228 Water Street, that is the parking lot adjacent to the east and north. Street parking is also available.The location is central to the downtown area with the SVRC Marketplae adjacent to the north and Dow Event Center a few blocks to the north. Concentrated healthcare to the south with an upcoming Saginaw Medical Diamond project of an estimated $250 million transformational riverfront and downtown Saginaw.The sale price includes most office furniture and furnishings/equipment associated with the Indigo lounge, as shown, except for specifically excluded personal property. A liquor license is available, but not included in the sale price.