120 Saginaw St East Lansing, MI 48823-2605
Property profile & analytics
120 Saginaw St East Lansing, MI 48823-2605
- Office buildings
- 14,260 SF
- 3.33 lot acres
Property ID
US43-1501818
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
- MiHIN | Michigan Health Information Network Shared Services / Charitable Organization / Social Service Agency
- MSMS Physicians Insurance Agency / Insurance Agency
- Michigan State Medical Society / Association / Organization / Non-Profit Organization
- Velatura / Corporate Office
- mdpac / Medical Clinic
Property Details for 120 Saginaw St
- Year built
- 1961
- Lot size
- 3.33 lot acres
- Property size
- 14,260 SF
- Zone code
- B1
- Property type
- Office buildings
- APN
- 33-20-01-12-403-008
- APU
- 33200112403008
Description
This exceptional commercial property, located at 120 W Saginaw Highway at the corner of West Saginaw Highway and Abbot Road in Ingham County, offers a unique opportunity. Comprising two Class A buildings totaling 43,021 square feet, this property is ideally situated for businesses seeking a prestigious address. Currently, there are two available office spaces, ranging in size from 4,966 to 12,538 square feet, perfect for a variety of tenants. The location provides unparalleled convenience, with easy access to US-127 and proximity to Michigan State University campus, diverse dining options, fitness centers, financial institutions, grocery stores, and retail establishments. The buildings themselves hold significant historical value, boasting a place on both the State and National Registers of Historic Sites. This presents a rare chance to occupy a landmark property while enjoying modern amenities and a strategic location. The multiple tenancy structure allows for flexibility and potential for growth. This is an exceptional opportunity to establish a presence in a thriving area with a rich history. The property's prime location and historical significance make it an attractive investment for businesses seeking a unique and advantageous position in the Lansing market. The available space offers a blend of character and modern functionality, catering to a wide range of business needs.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,140,000
- 6.5%
- $1,975,000
- 7%
- $1,835,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,252,000
- AI Estimate
- $2,006,000
Market price range: $196k - $2.25MMarket price range: $406k - $2.01M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,410,000 Current use
- MEDICAL BUILDING
- $1,760,000 Change: +24% Conversion: Easy
- RESTAURANT
- $1,665,000 Change: +18% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,630,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,435,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4846
- Latitude
- 42.7476
- 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
2022
$80,715
$580,200
$1,017,100
$1,597,300
-
$1,160,400
$2,034,200
$3,194,600
