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Financial
Distress signals
Property profile

5002 W Saginaw Hwy Lansing, MI 48917

FOR LEASE
Strip malls
Property ID
US43-2088838
36,000 SF 3.4 ac lot Built 1969
Last sale Mar 2023 · $2,590,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$59k
Tax billed · 2023
Assessed value · 2024$999k
Effective rate5.89%

Value estimate

· Oct 2026
$2.44M
$2.19M – $2.68M
Submarket $/SF estimate$1.48M
NOI build-up
Gross scheduled income$210k
Vacancy & credit loss−$29k
Operating expenses−$54k
NOI · 1,151,945.45% cap applied$127k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,151,945.45%
$127k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NONE
JurisdictionEATON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency36.3
Building Supply29.1
Wholesale Shop26.0

Location

5002 W Saginaw Hwy Lansing, MI 48917
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4359 Saginaw, Lansing, MI 48917-2113 $1,775,000 Aug 2022 18,664 SF
5216 Saginaw Hwy, Lansing, MI 48917-1913 $4,000,000 Jul 2022 No data
4832 Saginaw, Lansing, MI 48917-2662 $2,105,000 Jul 2021 34,268 SF
707 Brookside, Lansing, MI 48917-9293 $1,760,000 Dec 2019 24,834 SF
4220 Saginaw, Lansing, MI 48917-2110 $250,000 Dec 2018 3,279 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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