2840 Saginaw St Lansing, MI 48912-4254
Property profile & analytics
2840 Saginaw St Lansing, MI 48912-4254
- Retail space
- 5,280 SF
- 0.65 lot acres
Property ID
US43-0192183
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Subway / Take-out & Catering
- West Marine / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
Property Details for 2840 Saginaw St
- Year built
- 1991
- Lot size
- 0.65 lot acres
- Property size
- 5,280 SF
- Zone code
- F COMM
- Property type
- Retail space
- APN
- 33-01-01-14-135-236
- APU
- 33010114135236
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $945,000
- ML approach
- $995,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $795,000
- 6.5%
- $735,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $600,000
Market price range: $198k - $600k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5115
- Latitude
- 42.7405
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$21,897
$70,900
$270,900
$341,800
-
$141,800
$541,800
$683,600
