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    3101 Saginaw St Lansing, MI 48912

    For Lease
    $23 SF/Yr

    Restaurant Space Available, High Traffic Area

    Lot size:
    3,584 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Medawar Strip Center, located at 3101 E Saginaw St, Lansing, MI 48912, presents a unique opportunity for restaurant businesses seeking a high-visibility location. This single-story, 1947-built property underwent renovations in 2000 and offers multiple spaces, with a minimum of 1,020 square feet and a maximum contiguous space of 2,373 square feet. The center is situated on a major commercial corridor in Central Lansing, at the intersection of E Saginaw St, Clippert St, and US-127, ensuring high foot traffic and excellent visibility. Its strategic location provides easy access to Michigan State University campus and the Frandor Shopping Center, further enhancing its appeal. The property benefits from its placement on a bus line and at a signalized intersection, improving accessibility. Ample parking is available with approximately 57 free spaces. The property is zoned F Commercial (Retail) and has an APN of 33-01-01-11-451-002. This is an exceptional opportunity to establish or expand a restaurant business in a thriving Lansing location. The building's total square footage is not specified.

    Property Features for 3101 Saginaw St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,584 SF

    Building Details

    Year Built/Renovated
    1947/2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    716 N Clippert
    Size
    1,020 SF
    Rate per SF
    $23
    Space
    742 N Clippert St
    Size
    1,211 SF
    Rate per SF
    $23
    Space
    724 N Clippert St
    Size
    1,353 SF
    Rate per SF
    $23

    HighLights

    • High‑visibility location with excellent street frontage.
    • High foot traffic, averaging 517,500 visits annually.
    • Proximity to Michigan State University campus.
    • Significant daily traffic count of approximately 25,600 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medawar's Frandor Jewelry Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -84.50772
    Latitude
    42.7410584

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    FAQs

    What type of property is this?
    Restaurant - Restaurant Space Available, High Traffic Area
    Where is this restaurant located?
    The property is located at 3101 Saginaw St Lansing, MI.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location with excellent street frontage.; High foot traffic, averaging 517,500 visits annually.; Proximity to Michigan State University campus.
    Request Owner's contact information
    3101 Saginaw St Lansing, MI 48912
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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
    3101 Saginaw St Lansing, MI 48912
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