Property profile

5625 Saginaw Hwy Lansing, MI 48917

OFF-MARKET
Outlet malls
Property ID
US43-2424516
128,947 SF 11.34 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Discount Store
  • Specialty Food Shop Supermarket
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Discount Store

Location

5625 Saginaw Hwy Lansing, MI 48917-2490
Lansing metro Census 20102 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
$6.13M
Blend (final) Blend
$6.70M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

NONE · Lansing, MI
Top alternative use upside
Auto repair, garage $11.0M +19.5%
Medical building $11.0M +19.1%

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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