Freestanding Bank Building with
5510 W Saginaw Highway Lansing, MI 48917
5510 W Saginaw Highway, Lansing, MI, 48917
$1,200,000
For Sale
$1,200,000
COMMERCIAL - Lansing, MI
Property Size4,258 SF
Lot Size0.85 Acres
Price / SF$281.82
Days on Market47
Property Features for 5510 W Saginaw Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 040-011-400-100-00
- Size
- 4,258 SF
- Lot size
- 0.85 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COM N 89DEG 52MIN 04SEC W 1231.19 FT & N 0DEG 07MIN 56SEC E 75 FT FROM SE COR SEC11, TH N0DEG 07MIN 56SEC E 114 FT, N 89
- Tax Annual Amount
- 21600
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing Agency
NAI Wisinski of West Michigan
(269) 353-0311
650 Trade Centre Way, Ste 130, Kalamazoo, MI
Listed by
Jodi K Milks · License #6502339107
(269) 353-0311
Added: Jun 2 Checked: Jul 18 at 5:06 am
MLS# 26026475
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding former bank building totaling 4,258 square feet sits on a 0.851-acre site and includes an additional 1,500 square feet four-lane drive-thru. The existing drive-thru configuration provides a ready-to-use component for users who value fast customer access and straightforward site circulation. The property is offered for sale in Delta Charter Township with existing improvements designed for commercial operations.
Located along W Saginaw Highway as a freestanding outlot, the site benefits from strong visibility and convenient access on one of the Lansing area’s primary commercial corridors. The property sits within the Lansing Mall retail corridor, surrounded by a mix of national retailers, restaurants, entertainment, and service providers that support a high-activity retail and service environment. Zoning is C Commercial in Delta Charter Township.
The property is well suited for professional office, medical, retail, or service-oriented users looking for a highly visible, freestanding location with established drive-thru capabilities. With availability scheduled for September 2026, it also presents a practical option for tenants and investors planning ahead for a corridor-facing site in a dense commercial trade area.
Located along W Saginaw Highway as a freestanding outlot, the site benefits from strong visibility and convenient access on one of the Lansing area’s primary commercial corridors. The property sits within the Lansing Mall retail corridor, surrounded by a mix of national retailers, restaurants, entertainment, and service providers that support a high-activity retail and service environment. Zoning is C Commercial in Delta Charter Township.
The property is well suited for professional office, medical, retail, or service-oriented users looking for a highly visible, freestanding location with established drive-thru capabilities. With availability scheduled for September 2026, it also presents a practical option for tenants and investors planning ahead for a corridor-facing site in a dense commercial trade area.
Key Highlights
- Freestanding 4,258 SF former bank building on 0.851 acres with an additional 1,500 SF four‑lane drive‑thru
- Zoned C Commercial in Delta Charter Township
- Heating: forced air; cooling: central air
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $16.20 |
| − Vacancy | −$8.3k | −$1.94 |
| EGI | $60.7k | $14.26 |
| − OpEx | −$15.2k | −$3.56 |
| NOI | $45.5k | $10.69 |
4,258 SF · lease $16.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$650.4K
$569.1K – $758.8K
NOI $45,527 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$586.9K
$513.5K – $684.7K
NOI $41,081 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$876.5K
$766.9K – $1.02M
NOI $61,353 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank - ATM
Investment Bank
Comerica Bank
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding building with drive-thru infrastructure on a major commercial corridor, ideal for office, medical, retail, or service uses.
Where is this bank located?
The property is located at 5510 W Saginaw Highway Lansing, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Freestanding 4,258 SF former bank building on 0.851 acres with an additional 1,500 SF four‑lane drive‑thru; Zoned C Commercial in Delta Charter Township; Heating: forced air; cooling: central air
