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    5216 Saginaw Hwy Lansing, MI 48917

    For Lease
    $15 SF/Yr

    High-traffic freestanding retail building, Lansing, MI.

    Lot size:
    45,778 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 45,778-square-foot freestanding retail building presents a prime opportunity in Lansing, Michigan. Located at 5216 W Saginaw Hwy, 48917, this single-tenant property sits on a generous 4.23-acre lot and is zoned for commercial use. Previously occupied by Best Buy, the building offers excellent visibility and accessibility, boasting multiple points of access via W. Saginaw Highway and Elmwood Road. The property features two truck wells and two grade-level doors, ensuring efficient loading and unloading. The expansive space is entirely vacant and ready for immediate occupancy. Its strategic location offers high visibility and convenient access for customers, making it an ideal location for a variety of retail businesses. The property's size and features make it a perfect anchor site for a large-format retailer or a business requiring significant space and convenient access. This is a rare opportunity to secure a prominent retail location in a thriving Lansing market. The property's ample parking and convenient access points will attract a large customer base. Don't miss this chance to establish your business in a high-traffic area with excellent visibility.

    Property Features for 5216 Saginaw Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,778 SF
    Total Rate
    57222.5

    Unit(s) available at that property

    Space
    Available Space
    Size
    45,778 SF
    Rate per SF
    $15

    HighLights

    • Premier pad anchor site adjacent to the Lansing Mall.
    • Former Best Buy; 45,778 SF building on over 4 acres.
    • Features two truck wells and two grade‑level doors.
    • Multiple access points from W. Saginaw Hwy and Elmwood Rd.
    • Available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Geek Squad Computer Service Best Buy Electronics Store

    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
    Eaton
    State
    Michigan
    Longitude
    -84.6235083
    Latitude
    42.7435894

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic freestanding retail building, Lansing, MI.
    Where is this individual retail property located?
    The property is located at 5216 Saginaw Hwy Lansing, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Premier pad anchor site adjacent to the Lansing Mall.; Former Best Buy; 45,778 SF building on over 4 acres.; Features two truck wells and two grade-level doors.
    Request Owner's contact information
    5216 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
    5216 Saginaw Hwy Lansing, MI 48917
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