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Property profile & analytics

111 E Saginaw St East Lansing, MI 48823

  • Drug stores
  • 14,637 SF
  • 2.14 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1294727
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

  • ATM / Atm
  • higi / Health Consultant
  • Rite Aid / Drug Store / Beauty Supply Store
  • Rite Aid Photo / Photo Lab
  • Western Union / Money Transfer Service

Property Details for 111 E Saginaw St

Year built
2007
Lot size
2.14 lot acres
Property size
14,637 SF
Zone code
B2
Property type
Drug stores
APN
33-20-02-07-300-008
APU
33200207300008

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,680,000
    6.5%
    $1,555,000
    7%
    $1,440,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,492,000
    Market price range: $632k - $1.71M
    AI Estimate
    $1,749,000
    Market price range: $754k - $1.95M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $1,160,000
    Current use
    MEDICAL BUILDING
    $1,805,000
    Change: +55% Conversion: Difficult
    RESTAURANT
    $1,705,000
    Change: +47% Conversion: Easy
    COMMERCIAL (GENERAL)
    $1,670,000
    Change: +44% Conversion: Easy
    AUTO REPAIR, GARAGE
    $1,475,000
    Change: +27% Conversion: Difficult
    OFFICE BUILDING
    $1,450,000
    Change: +25% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
East Lansing
County
Ingham
State
Michigan
Longitude
-84.4829
Latitude
42.7475
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
2019
$75,600
$372,000
$607,900
$979,900
-
$744,000
$1,215,800
$1,959,800
More about this property
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