3101 E Saginaw St Lansing, MI 48912
Property Lookup
Property profile & analytics
3101 E Saginaw St Lansing, MI 48912
- Retail space
- 14,289 SF
- 0.95 lot acres
Property ID
US43-0207983
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
- Medawar's Frandor / (Bike/Boat/Book/etc) Store
Property Details for 3101 E Saginaw St
- Year built
- 1947
- Lot size
- 0.95 lot acres
- Property size
- 14,289 SF
- Zone code
- F COMM
- Property type
- Retail space
- APN
- 33-01-01-11-451-002
- APU
- 33010111451002
Description
Medawar Strip Center, located at 3101 E Saginaw St, Lansing, MI 48912, presents a unique opportunity for restaurant businesses seeking a high-visibility location. This single-story, 1947-built property underwent renovations in 2000 and offers multiple spaces, with a minimum of 1,020 square feet and a maximum contiguous space of 2,373 square feet. The center is situated on a major commercial corridor in Central Lansing, at the intersection of E Saginaw St, Clippert St, and US-127, ensuring high foot traffic and excellent visibility. Its strategic location provides easy access to Michigan State University campus and the Frandor Shopping Center, further enhancing its appeal. The property benefits from its placement on a bus line and at a signalized intersection, improving accessibility. Ample parking is available with approximately 57 free spaces. The property is zoned F Commercial (Retail) and has an APN of 33-01-01-11-451-002. This is an exceptional opportunity to establish or expand a restaurant business in a thriving Lansing location. The building's total square footage is not specified.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,155,000
- 6.5%
- $1,990,000
- 7%
- $1,850,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,375,000
- AI Estimate
- $1,513,000
Market price range: $633k - $1.46MMarket price range: $537k - $1.62M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,020,000 Current use
- RESTAURANT
- $1,245,000 Change: +22% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,220,000 Change: +19% Conversion: Difficult
- MEDICAL BUILDING
- $1,215,000 Change: +19% Conversion: Difficult
- OFFICE BUILDING
- $1,180,000 Change: +16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5079
- Latitude
- 42.7413
- 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
$43,088
$103,400
$728,400
$831,800
-
$206,800
$1,456,800
$1,663,600
