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    635 Saginaw Hwy Grand Ledge, MI 48837

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    For Lease
    Contact for pricing

    Prime Retail Space Available in Grand Ledge, MI

    Lot size:
    23,741 SF

    Property Features for 635 Saginaw Hwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,741 SF
    Class
    B
    Total Rate
    19784.17

    Building Details

    Buildings
    4

    Spaces For Lease

    at 635 Saginaw Hwy, Grand Ledge, MI 48837 Contact us
    Unit Available Suite 651 B

    $16 /Mo

    Size
    3,600 SF
    Contact us

    We can help!

    Listing Contact
    Matthew Wisniewski
    Matthew Wisniewski

    Listing Agent: Matthew Wisniewski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cedar Village, a Class B retail strip center in Grand Ledge, Michigan, presents a compelling investment opportunity. This four-building complex boasts a total of 23,741 square feet, situated on a 1.98-acre lot at 635 E Saginaw Hwy, 48837. Currently, 9,820 square feet of retail space is available, divisible into units as small as 620 square feet and up to a contiguous 3,600 square feet, offering flexibility for various business needs. The property enjoys a highly visible location on Saginaw Highway, directly across from a Meijer, ensuring significant foot traffic and exposure. The center benefits from a strong mix of national and regional tenants, creating a vibrant and established commercial environment. Ample parking is provided with 105 spaces available for customers and employees. The property's location within the thriving commercial hub of Grand Ledge, Eaton County, makes it an ideal investment for both established businesses and new ventures seeking a prime retail location. The property's size and configuration offer excellent potential for expansion or redevelopment. This is a rare opportunity to acquire a well-located, established retail center in a growing Michigan market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Grand Ledge
    County
    Eaton
    State
    Michigan
    Longitude
    -84.7421341
    Latitude
    42.7414431

    Nearby Similar for Lease

    • $8 SF/Yr
      2,200 SF

      Freestanding Office in Cedar Village

      2,200 sq ft office space in Grand Ledge, MI.
      625 E Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • $12 SF/Yr
      23,741 SF

      Grand Ledge Retail Center Investment

      High-traffic retail space near Meijer
      635 Saginaw Hwy, Grand Ledge, MI 48837
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available in Grand Ledge, MI
    Where is this neighborhood center located?
    The property is located at 635 Saginaw Hwy Grand Ledge, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Class B retail strip center totaling 23,741 square feet on a 1.98-acre lot in Grand Ledge, MI.; 9,820 square feet of available retail space, divisible into units ranging from 620 to 3,600 square feet.; High-visibility location on Saginaw Highway across from a Meijer, providing excellent foot traffic.
    (517) 321-2800 Call to check price and availability
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    635 Saginaw Hwy Grand Ledge, MI 48837
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    635 Saginaw Hwy Grand Ledge, MI 48837
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Wisniewski
    Matthew Wisniewski
    Real Estate License ID: 6501360426
    (517) 321-2800 (517) 980-9299
    Learn more
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