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    FOR LEASE
    Outlet malls

    6025 W Saginaw Hwy, Lansing, MI 48917

    29,459 SF 2.12 ac lot Built 1999
    Entity Owned 18-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5011030
    Property summary
    AI-generated overview

    This exceptional 30,000-square-foot retail warehouse space, located at 6025 W Saginaw Hwy in Lansing, Michigan, presents a unique investment opportunity. Built in 1999 and renovated in 2006, this single-tenant building sits on a 2.12-acre lot in Eaton County and offers a compelling blend of showroom and warehouse functionality. The property features a spacious showroom, ideal for showcasing products, complemented by a substantial warehouse area perfect for storage and distribution. Multiple offices, conference rooms, and a break room provide ample space for administrative functions and employee comfort. The building's history includes a successful 18-year run as a La-Z-Boy showroom, followed by three years as a Kligman's Furniture location, demonstrating its suitability for retail operations. The property boasts 75 total parking spaces, catering to both employees and customers, with potential for expansion. Two truck-height loading docks, 16-foot ceilings, and a wet sprinkler system enhance operational efficiency and safety, making it suitable for a variety of retail or distribution businesses. The property's prime location on West Saginaw Highway ensures high visibility and accessibility. This is a turnkey solution for businesses seeking a well-maintained, spacious, and strategically located facility in a thriving Michigan market. The zip code is 48917.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1999
    Total area 29,459 SF
    Lot 2.12 ac (92,347 SF)
    Zoning code NONE
    APN 040 074 500 020 00
    UPID US43-5011030
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.80M
    Blend (final) Blend
    $1.97M
    Owner & transaction history
    The Lansing Saginaw LLC · 18 yrs held
    The Lansing Saginaw LLC
    since 2007
    2 recorded transactions
    2007
    2007
    $4.2M
    Zoning & alternative use
    NONE · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.6M +22.2%
    Auto repair, garage $2.5M +19.5%
    Medical building $2.5M +19.1%
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    More about this property
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