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    120 Saginaw St East Lansing, MI 48823

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Lansing Office, Two Buildings Available

    Lot size:
    43,021 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial property, located at 120 W Saginaw Highway at the corner of West Saginaw Highway and Abbot Road in Ingham County, offers a unique opportunity. Comprising two Class A buildings totaling 43,021 square feet, this property is ideally situated for businesses seeking a prestigious address. Currently, there are two available office spaces, ranging in size from 4,966 to 12,538 square feet, perfect for a variety of tenants. The location provides unparalleled convenience, with easy access to US-127 and proximity to Michigan State University campus, diverse dining options, fitness centers, financial institutions, grocery stores, and retail establishments. The buildings themselves hold significant historical value, boasting a place on both the State and National Registers of Historic Sites. This presents a rare chance to occupy a landmark property while enjoying modern amenities and a strategic location. The multiple tenancy structure allows for flexibility and potential for growth. This is an exceptional opportunity to establish a presence in a thriving area with a rich history. The property's prime location and historical significance make it an attractive investment for businesses seeking a unique and advantageous position in the Lansing market. The available space offers a blend of character and modern functionality, catering to a wide range of business needs.

    Property Features for 120 Saginaw St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,021 SF
    Class
    A
    Total Rate
    89627.08

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    Yamasaki Building-Suite 100
    Size
    12,538 SF
    Rate per SF
    $25
    Space
    Yamasaki Building - Suite L10
    Size
    4,966 SF
    Rate per SF
    $25

    HighLights

    • Class A office building totaling 43,021 square feet.
    • Two‑building complex with multiple tenancies.
    • Offers two available spaces ranging from 4,966 to 12,538 square feet.
    • Conveniently located at West Saginaw Highway and Abbot Road, providing easy access to US‑127.
    • Situated near Michigan State University, dining, fitness centers, financial institutions, and retail amenities.
    • Listed on both the State and National Registers of Historic Places.
    Property Profile Location Intelligence

    Current Use by Public Records

    MiHIN | Michigan Health ... Non-Profit Organization MSMS Physicians Insurance ... Health Insurance Agency Michigan State Medical ... Association / Organization Velatura Corporate Office mdpac Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage 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
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4849332
    Latitude
    42.7476223

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lansing Office, Two Buildings Available
    Where is this office property / space located?
    The property is located at 120 Saginaw St East Lansing, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 43,021 square feet.; Two-building complex with multiple tenancies.; Offers two available spaces ranging from 4,966 to 12,538 square feet.
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    120 Saginaw St East Lansing, MI 48823
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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
    120 Saginaw St East Lansing, MI 48823
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