Property profile

5216 Saginaw Hwy Lansing, MI 48917

OFF-MARKET
Outlet malls
Property ID
US43-2086674
45,778 SF 4.23 ac lot Built 2002
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 45,778-square-foot freestanding retail building presents a prime opportunity in Lansing, Michigan. Located at 5216 W Saginaw Hwy, 48917, this single-tenant property sits on a generous 4.23-acre lot and is zoned for commercial use. Previously occupied by Best Buy, the building offers excellent visibility and accessibility, boasting multiple points of access via W. Saginaw Highway and Elmwood Road. The property features two truck wells and two grade-level doors, ensuring efficient loading and unloading. The expansive space is entirely vacant and ready for immediate occupancy. Its strategic location offers high visibility and convenient access for customers, making it an ideal location for a variety of retail businesses. The property's size and features make it a perfect anchor site for a large-format retailer or a business requiring significant space and convenient access. This is a rare opportunity to secure a prominent retail location in a thriving Lansing market. The property's ample parking and convenient access points will attract a large customer base. Don't miss this chance to establish your business in a high-traffic area with excellent visibility.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2002
Total area 45,778 SF
Lot 4.23 ac (184,259 SF)
Zoning code NONE
APN 040 011 400 122 00
UPID US43-2086674

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
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Electronics & Wireless Store

Location

5216 Saginaw Hwy Lansing, MI 48917-1913
Lansing metro Census 20103 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.74M
Blend (final) Blend
$3.95M

Owner & transaction history

since 2022
Last sale
$4.0M
2 recorded transactions
2022
$4.0M
2021
Price N/A

Zoning & alternative use

NONE · Lansing, MI
Top alternative use upside
Office building $5.7M +73.6%
Restaurant $4.0M +22.2%
Auto repair, garage $3.9M +19.5%

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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