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Property profile & analytics
FOR LEASE
Strip malls

4359 W Saginaw Hwy Lansing, MI 48917

18,664 SF 1.73 ac lot Built 1973
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US43-2194778
Property summary
AI-generated overview

Saginaw Centre, a premier retail property in Eaton County, presents an exceptional investment opportunity. This single, five-story building boasts a total of 18,664 square feet of commercial space, with five available units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 10,830 square feet. Currently, there is 29,690 square feet of vacant space ready for immediate occupancy. The property sits on a sizable 1.48-acre lot, providing ample parking for customers and employees. Recent renovations completed in 2024 ensure the building is in excellent condition and ready for new tenants. The B-1 zoning allows for a wide variety of retail uses, including but not limited to coffee shops, delis, clothing stores, general goods retailers, specialty shops, and restaurants. The property features excellent signage opportunities, ensuring high visibility for businesses. The property's APN is 04001320000500. This is a rare chance to secure prime retail space in a thriving location with significant potential for growth. The building's modern amenities and convenient location make it an ideal choice for businesses seeking a high-traffic area with strong customer demographics. Don't miss this opportunity to establish your business in this well-maintained and strategically located retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Total area 18,664 SF
Lot 1.73 ac (75,359 SF)
Zoning code NONE
APN 040 013 200 005 00
UPID US43-2194778
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
  • Annex Gym Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.82M
Owner & transaction history
Bcp Development LP · 3 yrs held
Bcp Development LP
since 2022
Last sale
$1.8M
1 recorded transaction
2022
$1.8M
Zoning & alternative use
NONE · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Office building $2.2M +138.8%
Restaurant $1.8M +98.6%
Commercial (general) $1.6M +78.2%
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More about this property
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