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    3425 Saginaw St Lansing, MI 48917

    Sponsored
    For Sale
    $1,500,000

    4.96-acre lot, prime commercial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 4.96-acre commercial lot presents a remarkable investment opportunity within the burgeoning WestPark development in Lansing, Michigan. Located at 3425 W Saginaw Street, this property is part of a meticulously planned 120-acre mixed-use community, poised for significant growth. The lot is strategically situated just minutes from downtown Lansing, the State Capitol, and Michigan State University, ensuring high visibility and accessibility. Approved uses include climate-controlled storage and a wide array of commercial applications, notably including drive-thru facilities. All commercial lots within WestPark are zoned and approved for drive-thrus, providing significant flexibility for potential development. The site benefits from readily available new infrastructure and all necessary utilities. While approvals are currently in place, final site plan approval is required. WestPark's master plan envisions a vibrant community encompassing up to 600 single and multi-family residences and eight commercial outlots, creating a thriving environment for businesses. This is a rare chance to secure a prime commercial parcel in a rapidly developing, high-demand area. The asking price for this exceptional opportunity is $1,500,000. The property is located in Ingham County, Michigan, with a zip code of 48917.

    Property Features for 3425 Saginaw St

    General Information

    Property type
    Land
    Lot Size
    216,058 SF

    HighLights

    • 4.96‑acre commercial lot in Lansing, MI's WestPark development.
    • Located at 3425 W Saginaw St., minutes from downtown Lansing, the State Capitol, and MSU.
    • Approved for climate‑controlled storage and drive‑thru commercial uses.
    • All WestPark commercial lots are drive‑thru approved.
    • Utilities available; final site plan approval required.
    • Asking price: $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Cosmetics Store Walgreens Pharmacy Pharmacy Walgreens Photo Passport Photo Processor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.602632
    Latitude
    42.7409639

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    FAQs

    What type of property is this?
    Land - 4.96-acre lot, prime commercial location.
    Where is this land located?
    The property is located at 3425 Saginaw St Lansing, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 4.96-acre commercial lot in Lansing, MI's WestPark development.; Located at 3425 W Saginaw St., minutes from downtown Lansing, the State Capitol, and MSU.; Approved for climate-controlled storage and drive-thru commercial uses.
    Request Owner's contact information
    3425 Saginaw St 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
    3425 Saginaw St Lansing, MI 48917
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