548 Shattuck Road Carrollton, MI 48604
Listing Courtesy of: MIREALSOURCE / Listed By: The Miller Group

  548 Shattuck Road Carrollton, MI 48604

Active (789 Days)
$799,900 (USD)
15
BED
16
BATH
11,840
SQFT

Description

Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5% Residential 8 Units – 100% occupied with stable income. Warehouse 8,000 SF – 100% occupied. Below-market rents. Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity. Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC. Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential. High cash-flow asset with immediate income and strong upside. Priced for fast sale.

MLS #:
50134192
Taxes
$9,755(2023)
Lot Size
1.47 acres
Type
Single-Family Home
Year Built
1972
School District
Carrollton School District
County
Saginaw County
Community
Ely Para

Listed By

Paul Burback, The Miller Group
Source
MIREALSOURCE
Last checked Jun 25 2026 at 12:22 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 8
  • Half Bathrooms: 8
Subdivision
  • Ely Para
Property Features
  • Foundation: Basement
Heating and Cooling
  • Forced Air
Utility Information
  • Sewer: Community
Garage
  • Garage
Parking
  • Total: 10
Living Area
  • 11,840 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 05, 2026
Price Changed
$799,900
10%
$75,000
Dec 19, 2025
Price Changed
$724,900
-5%
-$35,000
Feb 28, 2025
Price Changed
$759,900
-4%
-$30,000
Sep 27, 2024
Price Changed
$789,900
-5%
-$45,000
Sep 19, 2024
Price Changed
$834,900
-6%
-$50,000
Jul 29, 2024
Price Changed
$884,900
-2%
-$15,000
Jun 18, 2024
Price Changed
$899,900
-5%
-$49,100
Feb 23, 2024
Listed
$949,000
-
-
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Disclaimer: Copyright 2023 MiRealSource, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 10:38