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    Property profile & analytics
    OFF-MARKET Estimated value $990,000
    Retail space

    2840 Saginaw St, Lansing, MI 48912-4254

    5,280 SF 0.65 ac lot Built 1991
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US43-0192183
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1991
    Total area 5,280 SF
    Lot 0.65 ac (28,358 SF)
    Zoning code F COMM
    APN 33-01-01-14-135-236
    UPID US43-0192183
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Subway Take-out & Catering
    • West Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $995k
    CAP Approach CAP
    $735k
    Comparable Approach Comparable
    $600k
    Blend (final) Blend
    $990k
    Owner & transaction history
    Zumbrink Properties II LLC · 3 yrs held
    Zumbrink Properties II LLC
    since 2023
    Last sale
    $1.0M
    4 recorded transactions
    2023
    $1.0M
    2009
    $863,934
    2009
    1969
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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