111 E Saginaw St East Lansing, MI 48823
Property profile & analytics
111 E Saginaw St East Lansing, MI 48823
- Drug stores
- 14,637 SF
- 2.14 lot acres
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.
Location Intelligence
Current Use by Public Records
- ATM / Atm
- higi / Physician
- Rite Aid / Pharmacy
- Rite Aid Photo / (Bike/Boat/Book/etc) Store
- Western Union / Bank / Credit Union
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
- AI Estimate
- $1,749,000
Market price range: $632k - $1.71MMarket 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 estimation — 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
