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    Property profile & analytics
    OFF-MARKET Estimated value $1,260,000
    Retail space

    1019 Saginaw St 1, Lansing, MI 48915-1966

    11,580 SF 0.48 ac lot Built 1950
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US43-1850931
    Property summary
    AI-generated overview

    This exceptional retail property, located at 1019 W Saginaw St in Lansing, Michigan, presents a unique investment opportunity. The 11,680 square foot building sits on a sizable 0.76-acre lot, zoned F-Comm, and offers significant potential for a variety of retail uses. Currently vacant, this single-tenant space benefits from its high-traffic location on West Saginaw Street, providing excellent visibility and accessibility. The property's strategic placement directly across from Sparrow Hospital's St. Lawrence Campus and a major medical office building ensures a substantial built-in customer base. Ample parking is available, further enhancing the property's appeal to both businesses and customers. The Ingham County location (APN: 33-01-01-17-226-291) offers easy access to major transportation routes and a thriving community. This property's size, location, and proximity to a major medical center make it an ideal location for a variety of retail businesses seeking high visibility and a strong customer base. The entire 11,680 square feet is available for lease, presenting a blank canvas for a new business venture or expansion. This is a rare opportunity to acquire a substantial retail space in a prime Lansing location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1950
    Total area 11,580 SF
    Lot 0.48 ac (20,778 SF)
    Zoning code F COMM
    APN 33-01-01-17-226-291
    UPID US43-1850931
    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
    • Atef Hakim Griese Mousaad, RPh Pharmacy
    • Western Union Bank Credit Union
    • higi Physician
    • Coinhub Bitcoin ATM Teller Atm
    • Chengyin Yao Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.61M
    Comparable Approach Comparable
    $922k
    Blend (final) Blend
    $1.26M
    Owner & transaction history
    Cole Ra Lansing Mi LLC · 19 yrs held
    Cole Ra Lansing Mi LLC
    since 2006
    4 recorded transactions
    2006
    2004
    1969
    1969
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.0M +22.2%
    Auto repair, garage $990,000 +19.5%
    Medical building $985,000 +19.1%
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