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    Property profile & analytics
    OFF-MARKET Estimated value $6,700,000
    Outlet malls

    5625 Saginaw Hwy, Lansing, MI 48917-2490

    128,947 SF 11.34 ac lot Built 1970
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US43-2424516
    Property summary
    AI-generated overview

    Lansing Towne Center offers exceptional retail opportunities with two available spaces ranging from 26,000 to 78,000 square feet. This multi-tenant property is anchored by Aldi's, with a Chick-fil-A conveniently located in the parking lot, ensuring high foot traffic and visibility. The property is currently under new management, offering a fresh approach to tenant relations and a commitment to fostering a thriving retail environment. Attractive lease terms are available, including flexible options to suit various business needs. Significant incentives are being offered to prospective tenants, including substantial tenant improvement allowances and free rent concessions. This presents a unique chance to establish or expand your business in a high-traffic location with strong anchor tenants. The property's size and layout provide ample space for a variety of retail concepts, making it an ideal location for businesses seeking significant visibility and accessibility. Contact us today to learn more about this exceptional retail opportunity and to discuss customized lease options. Don't miss this chance to secure your space in a revitalized shopping center with a proven track record of success.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1970
    Total area 128,947 SF
    Lot 11.34 ac (493,840 SF)
    Zoning code NONE
    APN 040 014 200 015 01
    UPID US43-2424516
    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
    • Burlington Discount Store
    • ALDI Specialty Food Shop Supermarket
    • Baby Depot (Bike/Boat/Book/etc) Store Clothing & Fashion Store
    • Big Lots Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.13M
    Blend (final) Blend
    $6.70M
    Owner & transaction history
    Reo Fundit 3 Asset LLC · 3 yrs held
    Reo Fundit 3 Asset LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    NONE · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $11.0M +19.5%
    Medical building $11.0M +19.1%
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