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    OFF-MARKET
    Land

    3425 Saginaw St, Lansing, MI 48917

    4.96 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 4.96 ac (216,058 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • FedEx OnSite Postal Service Courier Service
    • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
    • Walgreens Cosmetic Store
    • Walgreens Pharmacy Pharmacy
    • Walgreens Photo (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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