Turnkey Medical Office
For Sale
Contact for pricing
1219 E Saginaw St, Lansing, MI 48906
Renovated, all-brick office with six exam rooms, accessible restrooms, and dedicated patient flow features.
Property Size2,824 SF
Price / SF$0.01
Days on Market146
Property Features for 1219 E Saginaw St
General Information
Standard status
Active
Size
2,824 SF
Property subtype
Healthcare, Office
Zoning
C-1
Additional Details
Business Included
Yes
Building Details
Building Size
2,824 SF
Tenancy
Single Tenant
Listing Agency:
BHHS - Tomie Raines | East Lansing
Listed By:
Minesh Mody
(517) 230-8062
Source:
Cpix.resimplifi
Added: May 27
Changed: Oct 1
Last Checked: Oct 19 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS - Tomie Raines | East Lansing
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Investment Insights
Based on property information with market context.
This completely renovated, all-brick office building offers 2,824 square feet of turnkey space designed for patient-facing uses. The interior includes a spacious waiting area, dedicated check-in and check-out windows, and six exam rooms equipped with sinks. For operational support, the property also provides a secured storage room and ample storage throughout. Two handicap-accessible restrooms are available to support day-to-day accessibility needs.
The building is located less than one mile from UM-Sparrow Hospital. It is described as easily accessible to Lansing Downtown, area freeways, and close to East Lansing, supported by convenient regional connectivity for employees and patients.
The layout is well suited for a physician, physical therapist, other health professionals, or a beauty salon seeking a ready-to-operate environment with multiple exam rooms and patient circulation built into the space. Onsite parking is provided for staff and visitors. The owner is also open to selling the property, and tours can be scheduled by contacting the listing agent.
The building is located less than one mile from UM-Sparrow Hospital. It is described as easily accessible to Lansing Downtown, area freeways, and close to East Lansing, supported by convenient regional connectivity for employees and patients.
The layout is well suited for a physician, physical therapist, other health professionals, or a beauty salon seeking a ready-to-operate environment with multiple exam rooms and patient circulation built into the space. Onsite parking is provided for staff and visitors. The owner is also open to selling the property, and tours can be scheduled by contacting the listing agent.
Key Highlights
- 2,824 SF all‑brick office building that has been completely renovated
- Medical‑style layout with a spacious waiting area and dedicated check‑in and check‑out windows
- 6 exam rooms equipped with sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,246
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,920
$544.9K
Cap Rate 7%
$389,229
$389.2K
Cap Rate 9%
$302,733
$302.7K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$45.4K $16.08/SF
− Vacancy
−$9.1K −$3.22/SF
EGI
$36.3K $12.86/SF
− OpEx
−$9.1K −$3.22/SF
NOI
$27.2K $9.65/SF
Area
Lansing, MI
Vacancy
20.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,920
Cap Rate 7%
$389,229
Cap Rate 9%
$302,733
Alternative Uses
Best Use
Healthcare Medical
$427.6K
$374.1K – $498.8K
NOI $29,930 @ 7.0% cap · market cap 187,062.50%
Second Best
Office B
$389.2K
$340.6K – $454.1K
NOI $27,246 @ 7.0% cap · market cap 170,287.50%
Theoretical Best
Office A
$581.3K
$508.6K – $678.2K
NOI $40,691 @ 7.0% cap · market cap 254,318.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Lockman Laurie DVM — 721 N Larch St, Lansing, MI 48906
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated, all-brick office with six exam rooms, accessible restrooms, and dedicated patient flow features.
Where is this medical office space located?
The property is located at 1219 E Saginaw St Lansing, MI.
What are key features of this property?
This property features: 2,824 SF all‑brick office building that has been completely renovated; Medical‑style layout with a spacious waiting area and dedicated check‑in and check‑out windows; 6 exam rooms equipped with sinks
