For Sale
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Property summary
This exceptional 1,700 square foot auto service facility is ideally situated at a signaled corner on a heavily trafficked eastbound thoroughfare in Lansing, Michigan. The property boasts a desirable E-2, Local Business zoning, allowing for a variety of uses. The building features a reception area, two private offices, and spacious service bays equipped with three overhead doors (ranging from 8'x8' to 10'x10') complete with electric openers and three car lifts. High ceilings (13 feet clear), fluorescent lighting, and robust 200-amp, 220-volt power ensure efficient operations. The approximately eight-year-old roof provides peace of mind. Ample lighted paved parking is available for customers and staff. This two-parcel assemblage offers over 300 feet of frontage and two convenient access points, presenting opportunities for expansion. The property's strategic location, just half a mile from US-127 and 1.2 miles from I-496, ensures high visibility and accessibility. Strong demographics and significant traffic counts make this a compelling investment opportunity. The 0.37-acre lot provides ample space, and the building's partially occupied status offers potential for increased revenue. This turnkey operation is priced at $450,000, representing a price per square foot of $264.71. The property is located at 2320 E Saginaw St, Lansing, MI 48912.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lansing market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
E-2 LOC · Lansing, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for E-2 LOC in Lansing, MI.
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