Exclusive Development Opportunity

Executive Summary

Thomas Crossings Manufactured Home Community, Saginaw, Michigan Listing broker, Jennifer Stein Real Estate, Inc along with out-of-state cooperating broker, Atlas Bay Commercial, is proud to present Thomas Crossings for sale. Thomas Crossings is a premier manufactured home community situated on a sprawling 60-acre parcel in the vibrant city of Saginaw, Michigan. This exceptional property represents a unique, institutional grade value-add and development opportunity, ideally suited for investors seeking to capitalize on the growing demand for affordable housing in a high-quality living environment.
Community Overview Total Land Area: 60 acres Current Development: Phase 1 completed Current Occupancy: 28 homes on 42 available pads 20 park-owned homes 8 tenant-owned homes Vacant Pads: 14 pads ready for infill Municipal water and sewer throughout Paved roads, sidewalks and driveways
Development Potential Thomas Crossings is designed with a master development plan that includes three phases. With Phase 1 near stabilization, the remaining phases offer significant expansion potential: Phase 2 and 3: Ready for development Additional Pads: Approximately 161 pads, bringing the total to 203 pads upon completion Infrastructure: City water and sewer, wide paved streets, ample lighting, sidewalks, and scenic ponds
Community Features Clubhouse: A 3,400 sqft, block and brick-built clubhouse with numerous parking spots, serving as a central hub for residents Landscaping: Well-maintained grass, trees, shrubs, and beautiful ponds enhance the aesthetic appeal and livability of the community
Financial Highlights Lot Rent: $400 per month Projected Property Value (Lot Rent Only): Over $20 million upon full stabilization and occupancy Additional Value: Potential increase with park-owned home income and new home sales
Ownership and Development History The current owner, who acquired the land in 2004, has meticulously developed the property over the years. With a background in excavation and general contracting, the owner has progressively built up Thomas Crossing during slower periods in his primary business, ensuring a high-quality and thoughtfully planned community.
Investment Opportunity This is the first time Thomas Crossings is being offered for sale since its acquisition 20 years ago. The property represents an institutional-quality asset with significant upside potential through continued development and infill. Investors have the opportunity to complete the remaining phases, fully stabilize the community, and realize substantial returns in a market with strong demand for affordable housing.
Conclusion Thomas Crossings offers a compelling investment opportunity with its blend of existing infrastructure, expansion potential, and desirable location in Saginaw, Michigan. With its high-quality amenities, modern infrastructure, and strategic development plan, Thomas Crossings is poised to become a leading manufactured home community, delivering both immediate and long-term value for its new owners.
Asking Price: $5,690,000 Please reach out to Dan Fischer or Chris Duffy if you have any questions. Dan can be reached at dan@atlasbay.co or 615-804-3579 or Chris at chris@atlasbay.co or 772-631-0750.

Location Summary: Saginaw, Michigan

Overview Saginaw, Michigan, located in the Great Lakes Bay Region, is a city that offers a unique blend of small-town charm and urban amenities. The Saginaw Metropolitan Statistical Area (MSA) encompasses Saginaw County, which includes the city of Saginaw and its surrounding communities. This area is known for its rich history, vibrant culture, and strong sense of community, making it an attractive location for residents and investors alike.
Economic and Employment Opportunities Saginaw boasts a diversified economy with strengths in manufacturing, healthcare, education, and retail. Major employers in the area include Covenant HealthCare, Saginaw Public Schools, Nexteer Automotive, and the Dow Chemical Company. The presence of these employers ensures a steady job market and contributes to the economic stability of the region. Additionally, Saginaw is part of the Great Lakes Bay Region, which is a hub for advanced manufacturing, agribusiness, and technology industries, providing ample employment opportunities for residents.
Affordable Housing and Cost of Living One of Saginaw's most attractive features is its affordability. The cost of living in Saginaw is significantly lower than the national average, making it an ideal location for affordable housing developments. Manufactured home communities in Saginaw offer residents a cost-effective housing option without compromising on quality or amenities. This affordability, combined with the area's economic opportunities, makes Saginaw a desirable place for individuals and families looking to establish roots.
Quality of Life Residents of Saginaw enjoy a high quality of life, with access to a variety of recreational and cultural amenities. The city is home to several parks, the Saginaw River, and Shiawassee National Wildlife Refuge, offering abundant outdoor activities such as hiking, fishing, and bird-watching. Cultural attractions include the Saginaw Art Museum, Temple Theatre, and the Dow Event Center, which hosts concerts, sporting events, and other entertainment options.
Education and Healthcare Saginaw is served by a number of quality educational institutions, including Saginaw Valley State University and Delta College, which provide higher education opportunities and contribute to the region's skilled workforce. The city also boasts excellent healthcare facilities, with Covenant HealthCare and Ascension St. Mary's Hospital providing comprehensive medical services to residents.
Transportation and Accessibility Saginaw's strategic location provides easy access to major highways, including I-75 and US-10, facilitating convenient travel to nearby cities such as Detroit, Flint, and Midland. The MBS International Airport, located just 15 miles away, offers regular flights to major hubs, enhancing connectivity for both residents and businesses.
Development Potential The demand for affordable housing continues to grow, and Saginaw presents a prime opportunity for investors in this sector. The availability of land, combined with supportive local government policies, makes Saginaw an attractive location for the development of manufactured home communities. The region's ongoing economic development initiatives and investments in infrastructure further enhance its potential for growth.
Conclusion Saginaw, Michigan, with its affordable living, strong economic base, quality of life, and development-friendly environment, is an excellent location for investing in manufactured home communities. This offering presents a unique opportunity to capitalize on the growing demand for affordable housing while contributing to the community's development and prosperity.