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Financial
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Property profile

1901 W Saginaw St Lansing, MI 48915

FOR SALE
Retail space
Property ID
US43-5243958
12,207 SF 0.51 ac lot Built 1923
Last sale Oct 2006 · $150,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Built in 1923, this industrial warehouse includes a showroom-style main floor and substantial upper-area space, totaling 12,207 SF on the main level with an additional 8,000 SF on the second floor and mezzanine storage/office area. Vertical circulation is provided by three independent staircases, and the main showroom floor contains two restrooms. The interior is configured for electrical-intensive use, with heavy-duty 3-phase power and extensive wiring to support product display, lighting, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$7k
Tax billed · 2020
Assessed value · 2023$222k
Assessed land$44k
Assessed improvement$178k
Effective rate3.27%

Value estimate

· Oct 2026
$240k
$216k – $264k
NOI build-up
Gross scheduled income$125k
Vacancy & credit loss−$11k
Operating expenses−$34k
NOI · 14.42% cap applied$79k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
Submarket average, outlier-cleaned · 101 recorded sales of this use type
Observed band · Q1–Q3$44 – $102
Qualifying comparables3

Cap rate analysis

How does the asset earn?
14.42%
$79k 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?
F COMM
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.2
Restaurant17.5
Law Firm16.4

Location

1901 W Saginaw St Lansing, MI 48915
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales 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
718 Saginaw, Lansing, MI 48915-1961 $30,000 Apr 2024 3,150 SF
927 Saginaw, Lansing, MI 48915-1964 $40,000 Jan 2023 5,120 SF
900 Saginaw, Lansing, MI 48915-1965 $175,000 Sep 2022 10,560 SF
908 Saginaw, Lansing, MI 48915 $175,000 Sep 2022 2,760 SF
910 Saginaw, Lansing, MI 48915 $175,000 Sep 2022 2,760 SF
1001 Saginaw, Lansing, MI 48915-1966 $125,000 Jul 2022 6,682 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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