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    Property profile & analytics
    OFF-MARKET Estimated value $1,600,000
    Drug stores

    111 Saginaw St, East Lansing, MI 48823-2737

    14,637 SF 2.14 ac lot Built 2007
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-1294727
    Property summary
    AI-generated overview

    This exceptional 14,564-square-foot retail building, constructed in 2007, presents a remarkable investment opportunity in the vibrant heart of East Lansing, Michigan. Located at 111 E Saginaw St, this single-tenant building sits on a 2.14-acre lot and offers unparalleled visibility and accessibility. The property boasts a highly desirable location at a lighted intersection on a major thoroughfare, experiencing over 47,000 vehicles per day. Its strategic placement near the intersection of Abbot Road and Saginaw Street ensures maximum exposure to a substantial daily traffic flow. The building's proximity to Michigan State University, with its over 50,000 students, creates a significant pool of potential customers. Furthermore, its location is just 1.9 miles from major retailers such as JoAnn Fabrics, McDonald's, Petco, and T.J. Maxx, further enhancing its appeal and accessibility. The entire 14,564 square feet is currently vacant, providing a blank canvas for a wide range of retail ventures. This property is situated in Ingham County, Michigan, with a zip code of 48823. The building's single-tenant configuration offers simplicity and efficiency for potential occupants. This is a rare opportunity to acquire a prime retail space in a thriving East Lansing market.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 2007
    Total area 14,637 SF
    Lot 2.14 ac (93,001 SF)
    Zoning code B2
    APN 33-20-02-07-300-008
    UPID US43-1294727
    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
    • ATM Atm
    • higi Physician
    • Rite Aid Pharmacy
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.56M
    Comparable Approach Comparable
    $1.49M
    Blend (final) Blend
    $1.60M
    Owner & transaction history
    City Of East Lansing
    City Of East Lansing
    since 2026
    3 recorded transactions
    2026
    2017
    2007
    Zoning & alternative use
    B2 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.8M +55.4%
    Restaurant $1.7M +47.0%
    Commercial (general) $1.7M +44.0%
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