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    4021 Saginaw Hwy Lansing, MI 48917

    Sponsored
    For Sale
    $889,000

    Prime QSR location, high traffic area.

    Property size:
    2,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional free-standing restaurant building, totaling 2,856 square feet, presents a compelling investment opportunity or owner-user scenario. Located at 4021 W Saginaw Hwy in Lansing, Michigan, this property boasts a highly desirable drive-thru, ensuring convenient customer access. Situated on 1.32 acres comprised of four parcels (APN: 040-013-200-040-00, 040-043-900-030-00, 040-043-900-010-00, 040-043-900-020-00), the ample space provides extensive parking and convenient ingress/egress from W. Saginaw and N Dibble Ave. Built in 1980 and renovated in 2013, the building is zoned C and currently enjoys 100% occupancy with a long-term tenant (lease details available upon request). The property's strategic location across from McDonald's and one block from the Waverly Rd intersection places it within a thriving commercial corridor. Nearby establishments include Arby's, Advance Auto Parts, Little Caesars Pizza, CVS Pharmacy, Walgreens, Wendy's, AutoZone, Popeye's, and JoAnn Fabrics, among others, indicating strong surrounding retail activity. This prime location benefits from easy access to nearby neighborhoods and a new multi-family/commercial development at the corner of Waverly and Saginaw. The asking price is $889,000 ($311.27 per square foot). This is a NNN lease property.

    Property Features for 4021 Saginaw Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,856 SF
    Lot Size
    57,499 SF

    Building Details

    Year Built/Renovated
    1980/2013

    HighLights

    • $889,000 asking price for a 2,856 SF retail property.
    • Free‑standing building with drive‑thru, located in Lansing, MI at 4021 W Saginaw Hwy.
    • 100% occupied, NNN lease, single tenant in place for 10 years.
    • Property includes 1.32 acres with ample parking and convenient access.
    • Built in 1980, renovated in 2013, zoned C.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big John Steak ... Steak House Hibachi House Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.605358529858
    Latitude
    42.740496282538

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    FAQs

    What type of property is this?
    Individual retail property - Prime QSR location, high traffic area.
    Where is this individual retail property located?
    The property is located at 4021 Saginaw Hwy Lansing, MI.
    What is the asking price?
    The asking price for this property is $889,000.
    What are key features of this property?
    This property features: $889,000 asking price for a 2,856 SF retail property.; Free-standing building with drive-thru, located in Lansing, MI at 4021 W Saginaw Hwy.; 100% occupied, NNN lease, single tenant in place for 10 years.
    Request Owner's contact information
    4021 Saginaw Hwy Lansing, MI 48917
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    Lansing, MI 48917
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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
    4021 Saginaw Hwy Lansing, MI 48917
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