1427 W Saginaw St, East Lansing, MI 48823
- Office buildings
- 18,664 SF
- 2.65 lot acres
Current Use by Public Records
- OtterBase Lansing / Business To Business Service
- Capital Area Soccer League (CASL) / Gym & Fitness Center / Sports Field & Court
- Pointe Professional Center / Shopping Center & Mall
- MSU Student Rental Houses / Student Dormitory
- ATM (Fifth Third Bank) / Atm
Property Details for 1427 W Saginaw St
- Year built
- 2004
- Lot size
- 2.65 lot acres
- Zone code
- B2
- Property type
- Office buildings
- APN
- 33-20-01-12-309-008
- APU
- 33200112309008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 25, 2021 | — | Saginaw Investment Grp LLC | — | Deed · related | $4.2M · Miscellaneous Ins Co |
| Nov 30, 2010 | — | Saginaw Investment Group LLC | — | Deed Of Trust · related | $4.2M · Pointe Investment Loan LLC |
| Feb 26, 2010 | — | Saginaw Investment Group LLC | Gccf 2005-gg5 West Saginaw Str | Quit Claim Deed · related | $3.9M · Pointe Investment Loan LLC |
| Jun 16, 2009 | $7,400,000 | Gccfc 2005-gg5 | Sheriff Of Ingham County | Trustees Deed · related | — |
| Apr 1, 2004 | $670,000 | Pointe Investment Partners LLC | Boku Investments LLC | Warranty Deed | $1.1M · National City Bank Michigan/il |
| — | — | Pointe Investments Ptrs LLC | — | Deed Of Trust · related | $5.8M · National City Bank Michigan/il |
| — | — | Saginaw Investment Group LLC | — | Deed Of Trust · related | $4.2M · Symetra Life Insurance Co |
| — | — | Saginaw Investment Grp LLC | — | Loan Modification · related | $4.2M · Miscellaneous Ins Co |
Description
This exceptional office space, totaling 19,546 square feet, is situated in a high-quality single building located at 1427 W Saginaw St, East Lansing, MI 48823. The property enjoys a highly visible corner location at the intersection of Coolidge and Saginaw Highway, providing excellent accessibility and brand exposure. Its proximity to the Frandor Shopping Center ensures high foot traffic and convenient amenities for tenants and their clients. The building offers multiple ingress and egress points, simplifying traffic flow and parking access. This multi-tenant office building is ideally suited for businesses seeking a prominent location in a thriving East Lansing submarket within Ingham County. The building's strategic placement near Biggby Coffee further enhances its appeal and convenience. This is a rare opportunity to secure office space in a prime East Lansing location with excellent visibility and accessibility. The property's size and configuration make it suitable for a variety of business needs. Interested parties are encouraged to inquire for further details and availability.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,800,000
- 6.5%
- $2,585,000
- 7%
- $2,400,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,947,000
- AI Estimate
- $2,626,000
Market price range: $256k - $2.95MMarket price range: $531k - $2.63M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,850,000 Current use
- MEDICAL BUILDING
- $2,300,000 Change: +24% Conversion: Easy
- RESTAURANT
- $2,175,000 Change: +18% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,130,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,880,000 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
- -84.5026
- Latitude
- 42.7413
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
