3205 Saginaw StLansing, MI 48917

Property Details for 3205 Saginaw St

Year built

1974

Lot size

0.55 AC

Property size (Sq ft)

6,720 SF

Zone code

E LOCAL

Property type

Retail properties

Property subtype

Strip malls

APN

33-21-01-18-127-032

APU

33210118127032

Description

This exceptional retail opportunity is located at 3205 W Saginaw St, Lansing, MI 48917, in Ingham County. The property is part of a 6,800 square foot retail center conveniently situated just east of the bustling intersection of Waverly and Saginaw streets. This high-traffic location offers excellent visibility and accessibility for businesses seeking a prominent presence in a thriving commercial area. The space is available in multiple configurations, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 2,400 square feet. Currently, there are two suites available, totaling 3,600 square feet of vacant space. The building features a total of two suites. This prime retail location benefits from its proximity to a variety of established businesses, including Dairy Queen, McDonald's, Tommy's Express Car Wash, and Little Caesars, ensuring high foot traffic and customer visibility. The property is ideal for businesses seeking a well-established location within a busy retail corridor. The address is easily accessible and benefits from strong visibility along West Saginaw Street. This is a fantastic opportunity for businesses looking to establish or expand their presence in a dynamic and high-demand Lansing market. Contact us today to learn more about this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $617,972

  6.5%

  $570,436

  7%

  $529,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,334,326

  Geo Method

  $1,334,326

• Alternative Use

  Use

  Valuation

  Residential

  $481,184

  Hospitality

  $440,762

  Educational

  $366,709

  Medical

  $379,321

  Retail

  $570,436

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7407

Longitude

-84.5927

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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