Property profile

3205 Saginaw St Lansing, MI 48917

OFF-MARKET
Strip malls
Property ID
US43-0148432
6,720 SF 0.55 ac lot Built 1974
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 3205 W Saginaw St, Lansing, MI 48917, in Ingham County. The property is part of a 6,800 square foot retail center conveniently situated just east of the bustling intersection of Waverly and Saginaw streets. This high-traffic location offers excellent visibility and accessibility for businesses seeking a prominent presence in a thriving commercial area. The space is available in multiple configurations, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 2,400 square feet. Currently, there are two suites available, totaling 3,600 square feet of vacant space. The building features a total of two suites. This prime retail location benefits from its proximity to a variety of established businesses, including Dairy Queen, McDonald's, Tommy's Express Car Wash, and Little Caesars, ensuring high foot traffic and customer visibility. The property is ideal for businesses seeking a well-established location within a busy retail corridor. The address is easily accessible and benefits from strong visibility along West Saginaw Street. This is a fantastic opportunity for businesses looking to establish or expand their presence in a dynamic and high-demand Lansing market. Contact us today to learn more about this exceptional retail space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Total area 6,720 SF
Lot 0.55 ac (24,045 SF)
Zoning code E LOCAL
APN 33-21-01-18-127-032
UPID US43-0148432

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

3205 Saginaw St Lansing, MI 48917-5300
Lansing metro Census 3500 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2012
3 recorded transactions
2012
$499,000
2007
Price N/A
2006
Price N/A

Zoning & alternative use

E LOCAL · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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