Turn-Key Auto Repair Shop
For Sale
$395,000
2320 East Saginaw Street, Lansing, MI 48912
Established auto repair shop for sale on Lansing's busiest corridor.
Property Size1,698 SF
Price / SF$232.63
Days on Market377
Property Features for 2320 East Saginaw Street
General Information
Standard status
Active
Size
1,698 SF
Property subtype
Industrial Automotive
Zoning
E-2 LOC
Building Details
Building Size
1,698 SF
Year Built
1931
Listing Agency:
RE/MAX
Listed By:
Matthew Wisniewski · License #6501360426
(517) 321-2800
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 11
Last Checked: May 9 at 4:05AM
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 RE/MAX
Investment Insights
Based on property information with market context.
An exceptional opportunity is available for sale or lease at a prime commercial location on one of Lansing's busiest corridors. The property features an established auto repair shop, whose owner is retiring after decades of successful service. The 1,698 square foot block building is ready for immediate operation. It is equipped with two in-ground hoists in good working condition and two restrooms. The entire facility is fully air-conditioned, including the service bays. The property boasts an expansive lot; with an included adjacent parcel, the total land area combines to over half an acre, offering abundant space for customer parking, vehicle storage, or future expansion. A previous environmental assessment has been completed, and all underground tanks have been professionally removed. The location offers high visibility and unbeatable access, situated just moments from the US-127 interchange and the bustling Frandor Shopping Center, near Lansing Catholic High School. The property is located in the stable and desirable Groesbeck neighborhood. This property represents a premier chance to build on a legacy of success in the heart of Lansing.
Key Highlights
- Turn‑key auto repair facility with established reputation, ready for immediate operation.
- Expansive lot (over half an acre) with abundant space for parking, storage, or expansion.
- Prime commercial location on a busy corridor with high visibility near Lansing Catholic High School.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,369
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,380
$307.4K
Cap Rate 7%
$219,557
$219.6K
Cap Rate 9%
$170,767
$170.8K
Market Conditions
NOI Build-Up for 1,698 SF
Gross rent
$25.5K $15.00/SF
− Vacancy
−$3.5K −$2.07/SF
EGI
$22.0K $12.93/SF
− OpEx
−$6.6K −$3.88/SF
NOI
$15.4K $9.05/SF
Area
Lansing, MI
Vacancy
13.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,380
Cap Rate 7%
$219,557
Cap Rate 9%
$170,767
Alternative Uses
Best Use
Retail
$219.6K
$192.1K – $256.2K
NOI $15,369 @ 7.0% cap · market cap 3.89%
Second Best
Industrial
$157.6K
$137.9K – $183.9K
NOI $11,033 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$349.5K
$305.8K – $407.8K
NOI $24,466 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
39k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Hotels & Casinos 9%
Speedway
Shops & Services
34,353 visits/mo
0.5 miles
Quality Inn University
Hotels & Casinos
3,514 visits/mo
0.5 miles
Tuffy Tire & Auto Service
Shops & Services
1,563 visits/mo
0.4 miles
Demographics for 48912, MI
17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- LaFontaine Collision Center & Body Shop of Lansing — 2727 Prospect St, Lansing, MI 48912
- Brake Tech — 110 Charles St, Lansing, MI 48912
- Antique Auto Parts — 310 Charles St, Lansing, MI 48912
- A & J Transmission Inc — 235 S Homer St, Lansing, MI 48912
- Dentlift — 235 S Homer St, Lansing, MI 48912
Frequently Asked Questions
What type of property is this?
Auto shop - Established auto repair shop for sale on Lansing's busiest corridor.
Where is this auto shop located?
The property is located at 2320 East Saginaw Street Lansing, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Turn‑key auto repair facility with established reputation, ready for immediate operation.; Expansive lot (over half an acre) with abundant space for parking, storage, or expansion.; Prime commercial location on a busy corridor with high visibility near Lansing Catholic High School.
