5002 Saginaw Hwy Lansing, MI 48917-2659
Property profile & analytics
5002 Saginaw Hwy Lansing, MI 48917-2659
- Strip malls
- 36,000 SF
- 3.40 lot acres
Property ID
US43-2088838
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
- GrowGeneration Hydroponics Store / Garden Center
- Little Red Schoolhouse / Home Decor Store / (Bike/Boat/Book/etc) Store
- Homeward Bound / Furniture & Home Goods / Home Decor Store
- World Buffet & Grill / Restaurant / Buffet
Property Details for 5002 Saginaw Hwy
- Year built
- 1969
- Lot size
- 3.40 lot acres
- Property size
- 36,000 SF
- Zone code
- NONE
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 040 012 300 170 00
- APU
- 4001230017000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,435,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,484,000
Market price range: $931k - $2.24M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,775,000 Current use
- COMMERCIAL (GENERAL)
- $3,160,000 Change: +78% Conversion: Easy
- RETAIL STORES
- $3,045,000 Change: +72% Conversion: Easy
- MEDICAL BUILDING
- $2,770,000 Change: +56% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,670,000 Change: +51% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.6201
- Latitude
- 42.7421
- 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
2023
$58,839
$0.00
$0.00
$999,000
-
$0.00
$0.00
$1,998,000
