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Financial
Distress signals
Property profile

120 West Saginaw St East Lansing, MI 48823

FOR LEASE
Office buildings
Property ID
US43-1501818
14,260 SF 3.33 ac lot Built 1961
Last sale May 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$81k
Tax billed · 2022
Assessed value · 2023$1.60M
Assessed land$580k
Assessed improvement$1.02M
Effective rate5.05%

Value estimate

· Oct 2026
$2.08M
$1.87M – $2.29M
CAP approach$1.98M
Submarket $/SF estimate$2.25M
NOI build-up
Gross scheduled income$620k
Vacancy & credit loss−$136k
Operating expenses−$121k
NOI · 1,451,496.00% cap applied$363k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$14 – $158

Cap rate analysis

How does the asset earn?
1,451,496.00%
$363k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon18.2
Auto Repair Shop15.6
Nail Salon13.2

Location

120 West Saginaw St East Lansing, MI 48823
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1760 Abbey, East Lansing, MI 48823-7395 $2,950,000 Jul 2023 20,710 SF
1755 Abbey, East Lansing, MI 48823-7399 $1,750,000 Jan 2023 21,252 SF
139 Lk Lansing, East Lansing, MI 48823-8525 $1,133,000 Sep 2021 16,779 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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