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    Property profile & analytics
    OFF-MARKET Estimated value $3,950,000
    Outlet malls

    5216 Saginaw Hwy, Lansing, MI 48917-1913

    45,778 SF 4.23 ac lot Built 2002
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-2086674
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
    • Best Buy Electronics & Wireless Store
    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
    Rocky Two Investments LLC · 4 yrs held
    Rocky Two Investments LLC
    since 2022
    Last sale
    $4.0M
    2 recorded transactions
    2022
    $4.0M
    2021
    Zoning & alternative use
    NONE · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $5.7M +73.6%
    Restaurant $4.0M +22.2%
    Auto repair, garage $3.9M +19.5%
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