Property profile

1100 Saginaw St Lansing, MI 48915

OFF-MARKET
Medical Office Space
Property ID
US43-0826014
44,995 SF 0.68 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a six-story, 44,730-square-foot mixed-use professional services building situated on a bustling intersection in Lansing, Michigan. The property boasts a prime location adjacent to the University of Michigan Health - Sparrow campus, offering immediate access to a large pool of potential tenants. Its proximity to Michigan State Capitol, Michigan State University, and the 127 and 496 expressways ensures excellent visibility and convenient transportation links. The building currently features multiple suites on each floor, providing flexibility for customization and build-to-suit options to attract a diverse range of tenants. The sale includes three parcels encompassing the main building and two adjacent parking lots located to the west and north, providing ample parking for 130 vehicles. This presents a unique chance to acquire a substantial property with significant upside potential. The existing structure offers a solid foundation for renovation and repositioning to attract Class-A tenants, generating increased rental income and building equity. This is an ideal opportunity for investors seeking a high-return, mixed-use property in a thriving Michigan market. The 0.68-acre lot provides ample space and potential for future expansion or development.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1965
Total area 44,995 SF
Lot 0.68 ac (29,621 SF)
Zoning code F COMM
APN 33-01-01-08-458-372
UPID US43-0826014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Medical Clinic
  • Business Administration Service
  • Physician
  • Freight Service Logistics Company

Location

1100 Saginaw St Lansing, MI 48915-2033
Lansing metro Census 6800 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$2.07M

Owner & transaction history

since 2022
Last sale
$1.9M
2 recorded transactions
2022
$1.9M
2019
Price N/A

Zoning & alternative use

F COMM · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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