Property summary
This exceptional investment opportunity presents a fully leased, 36,000 square foot retail shopping center and storefront located at 5002 W Saginaw Hwy, Lansing, MI 48917. The property boasts 100% occupancy with three long-term tenants: GrowGeneration, World Buffet, and Little Red Schoolhouse Antiques, ensuring consistent cash flow. Built in 1969, this single-story building sits on a 3.4-acre lot and features 160 parking spaces, ample for tenants and customers. The property is zoned C-Commercial, providing flexibility for future uses. With a strong 9.48% cap rate and a price per square foot of $90.28, this represents a compelling return on investment. The property's prime location on a high-traffic thoroughfare in Lansing, Eaton County, guarantees excellent visibility and accessibility. This well-maintained asset offers a stable and lucrative investment opportunity in a thriving market. The asking price is $3,250,000. The property's diverse tenant mix contributes to its stability and long-term potential. This is a rare chance to acquire a high-performing retail property with significant upside. The parcel number is 04001230017000.
Property profile
VerifiedCap rate & NOI
Current use
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Garden Center
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Home Decor Store (Bike/Boat/Book/etc) Store
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Furniture & Home Goods Home Decor Store
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Restaurant Buffet
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NONE · Lansing, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for NONE in Lansing, MI.
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Find the owner behind the property.
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