Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2905 Saginaw St Lansing, MI 48917-2334

    • Commercial land
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0102800
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 2905 Saginaw St

    Lot size
    0.61 lot acres
    Zone code
    G GENER
    Property type
    Commercial land
    APN
    33-21-01-18-203-004
    APU
    33210118203004

    Description

    This exceptional 0.61-acre commercial and industrial land parcel, located at 2905 W. Saginaw St in Lansing, Michigan (48917), presents a unique development opportunity. Zoned G, General Business, this cleared corner lot is ready for immediate construction. Boasting excellent visibility and accessibility, the property sits along a major east/west commercial corridor experiencing over 25,400 vehicles per day. Its strategic location offers easy ingress and egress from W. Saginaw and Grace Street. Neighboring businesses include Better Buy Muffler and Brake, and the site is directly across from Windemere Park Charter Academy, ensuring high traffic and visibility. The property's potential is further enhanced by an existing easement lease generating income from a billboard (details available upon request). All utilities are conveniently located on-site. This is an ideal location for a restaurant, service provider, or other commercial venture seeking high traffic exposure in a thriving Lansing neighborhood. The asking price for this exceptional opportunity is $170,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5891
    Latitude
    42.7406
    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
    2022
    $3,967
    $71,800
    $0.00
    $71,800
    -
    $143,600
    $0.00
    $143,600

    Comparable in this City

    • Value Estimation by Request
      2.46 Acres

      Saginaw St

      VACANT COMMERCIAL LAND • 2.46 Acres
      Saginaw St, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      1.80 Acres

      Saginaw St

      VACANT COMMERCIAL LAND • 1.80 Acres
      Saginaw St, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.37 Acres

      1 Business Ctr Dr

      VACANT COMMERCIAL LAND • 0.37 Acres
      1 Business Ctr Dr, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.44 Acres

      9 Business Ctr Dr

      VACANT COMMERCIAL LAND • 0.44 Acres
      9 Business Ctr Dr, Lansing, MI 48917
      View Details
    • Value Estimation by Request
      0.47 Acres

      14 Business Ctr Dr

      VACANT COMMERCIAL LAND • 0.47 Acres
      14 Business Ctr Dr, Lansing, MI 48917-3795
      View Details
    • Value Estimation by Request
      0.06 Acres

      1 Clare St

      VACANT COMMERCIAL LAND • 0.06 Acres
      1 Clare St, Lansing, MI 48917
      View Details

    Similar Nearby for Sale

    • $45,000
      0.40 Acres

      Land on Mall Drive

      Commercial land available on Mall Drive in Lansing, Michigan.
      1031 E Mall Dr, Lansing, MI 48917
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Land Near I-96

      4.98 acre industrial land parcel for sale.
      Ena Dr, Lansing, MI 48917
      View Details
    • $39,000

      Cleared Land Ready for Construction

      0.56 acre commercial land in Lansing Township.
      17 Business Centre Dr, Lansing, MI 48917
      View Details
    • $1,100,000

      3.05 AC Development Opportunity

      3.05 AC vacant land at N Waverly & W Michigan.
      Waverly Rd, Lansing, MI 48917
      View Details
    • $198,000

      Industrial Land Near General Motors

      4.1 acres with utilities, near I-496 and GM.
      W Mount Hope Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing

      Capitol Commerce Center Land Parcels

      Land parcels available in Capitol Commerce Center, Lansing.
      Municipal Way, Lansing, MI 48917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Lansing Industrial Warehouse - 30,000 SF

      Prime Lansing warehouse, 4.98 acres. Ideal for build-to-suit.
      0 Ena Dr, Lansing, MI 48917
      View Details
    • $19 SF/Yr
      48,704 SF

      Verndale Office Park: Premier Office Space

      Prestigious Eaton County office park; ample parking.
      6105 St Joseph Hwy, Lansing, MI 48917
      View Details
    • $8 SF/Yr
      33,000 SF

      Industrial Warehouse and Office Space

      Newly built industrial warehouse and office space for lease.
      4800 S Canal Rd, Lansing, MI 48917
      View Details
    • Contact for pricing
      448,350 SF

      Delta Township Industrial/Logistics Opportunity

      Class A industrial build-to-suit opportunity in Delta Township, Michigan.
      3333 S Canal Rd, Lansing, MI 48917
      View Details
    • $14 SF/Yr
      1,538 SF

      Class A Office Building ForRent

      Newly built Class A office building near I-96/Saginaw Highway interchange.
      8158 Executive Ct, Lansing, MI 48917
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2905 Saginaw St
    Lansing, MI 48917-2334
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.