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    Property profile & analytics

    1026 Saginaw St, Unit 24 Lansing, MI 48915-1967

    • Turn key restaurants
    • 1,303 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Oct 13, 2024
    Location Intelligence
    Property ID
    US43-1296954
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LibertyX / Currency Exchange Service / Kiosk
    • LibertyX Bitcoin Cashier / Atm / Currency Exchange Service
    • ATM / Atm
    • Capital City BBQ / Barbecue Restaurant / Asian Restaurant
    • Sunshine Cellular / Cell Phone Store

    Property Details for 1026 Saginaw St

    Year built
    1937
    Lot size
    0.11 lot acres
    Property size
    1,303 SF
    Zone code
    J & F
    Property type
    Turn key restaurants
    APN
    33-01-01-08-481-121
    APU
    33010108481121

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $295,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $275,000
      Mixed-Use
      $295,000
      Hospitality
      $325,000
      Educational
      $315,000
      Residential Income
      $285,000
      Energy
      $265,000
      Income-Based Land
      $240,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.567
    Latitude
    42.7412
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $2,630
    $10,000
    $37,500
    $47,500
    -
    $20,000
    $75,000
    $95,000

    Comparable in this City

    • Value Estimation
      $220,000
      1,379 SF

      1909 Saginaw St

      RESTAURANT • 1,379 SF
      1909 Saginaw St, Lansing, MI 48915-1360
      View Details
    • Value Estimation
      $275,000
      8,374 SF

      1910 Saginaw St

      RESTAURANT • 8,374 SF
      1910 Saginaw St, Lansing, MI 48915-1361
      View Details
    • Value Estimation
      $270,000
      3,836 SF

      1016 Saginaw St

      RESTAURANT • 3,836 SF
      1016 Saginaw St, Lansing, MI 48915-1967
      View Details
    • Value Estimation
      $285,000
      1,238 SF

      2002 Saginaw St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,238 SF
      2002 Saginaw St, Lansing, MI 48915-1363
      View Details
    • Value Estimation
      $200,000
      2,709 SF

      2010 Saginaw St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,709 SF
      2010 Saginaw St, Lansing, MI 48915-1363
      View Details
    • Value Estimation
      $300,000
      1,784 SF

      400 Verlinden Ave

      BAR, TAVERN • 1,784 SF
      400 Verlinden Ave, Lansing, MI 48915-1279
      View Details

    Similar Nearby for Sale

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      High-visibility corner property in thriving business corridor near State Capitol.
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      2.166 acre development opportunity near downtown Lansing.
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      Commercial Land For Sale

      Commercial land available for sale.
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      View Details
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      Land For Sale Lansing

      Land available for sale in Lansing, Michigan.
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      Genesee St. School Redevelopment Opportunity

      Prime Lansing location, 23,590 SF, 36+ unit potential.
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      View Details
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    Lansing, MI 48915-1967
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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
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