2840 Saginaw St, Lansing, MI 48912-4254
This exceptional Class A retail space, totaling 5,280 square feet, is situated at 2840 E Saginaw St, Lansing, MI 48912, just off US 127. The property, built in 1991 and renovated in 2018, features a single-story building on a 0.65-acre lot (APN: 33-01-01-14-135-236) and offers 32 parking spaces. Currently, 4,050 square feet of space is available for lease, divisible into units as small as 2,025 square feet, with a maximum contiguous space of 4,050 square feet. The property boasts a convenient drive-up window with over 200 feet of stacking space, ideal for businesses requiring drive-thru service. Its strategic location near the Frandor Shopping Center, alongside major retailers like Kroger, TJ Maxx, and HomeGoods, and numerous restaurants including Red Lobster and McDonald's, ensures high visibility and foot traffic. The proximity to Michigan State University further enhances its appeal. The property is zoned commercial and includes two suites, with one currently occupied by Subway. This location presents a unique opportunity for businesses seeking a high-traffic, easily accessible space in a thriving Lansing retail corridor. The property's features, including the drive-thru capability and its location near major retailers and a university, make it an attractive option for a variety of retail businesses.
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Subway Take-out & Catering
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West Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
F COMM · Lansing, MILansing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.