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    827 W Saginaw St Lansing, MI 48915

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    For Sale
    $378,000

    High-visibility corner property in thriving business corridor near State Capitol.

    Lot size:
    0.10 Acres

    Property Features for 827 W Saginaw St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1959

    Source: RE/MAX Classic Agent Andrew A Konopada

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Lansing Mixed-Use Opportunity

    This mixed-use property is located on a high-visibility corner at W. Saginaw and N. Butler in Lansing, Michigan, situated in a high-traffic area just blocks from the State Capitol. The property is within a designated Brownfield Redevelopment zone and zoned C-1 for commercial and residential use. The building, formerly home to Shanoras Beauty/Barber Supply for over 40 years, also featured Lansing's first 2-story, 40-foot mural. Located across from the new Moneyball Sportswear Headquarters and A Touch of Tint, the property is positioned in a thriving business corridor. The sale includes a mixed-use building with two separate units: an upstairs residential unit and a downstairs unit originally commercial but converted to an apartment. The property includes an adjacent parking lot and an additional vacant lot. Updates include new landscaping, a new boiler, and a new roof. This property represents a versatile investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.540195
    Latitude
    42.741006

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility corner property in thriving business corridor near State Capitol.
    Where is this mixed-use property located?
    The property is located at 827 W Saginaw St Lansing, MI.
    What is the asking price?
    The asking price for this property is $378,000.
    What are key features of this property?
    This property features: - Prime corner location at W. Saginaw and N. Butler in a high-traffic area.; - Zoned C-1 for commercial/residential use, offering versatile development options.; - Located within a designated Brownfield Redevelopment zone.
    (248) 646-5000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    827 W Saginaw St Lansing, MI 48915
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