Property profile

6025 W Saginaw Hwy Lansing, MI 48917

FOR LEASE
Outlet malls
Property ID
US43-5011030
29,459 SF 2.12 ac lot Built 1999
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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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

Location

6025 W Saginaw Hwy Lansing, MI 48917
Lansing metro Census 20102 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$580k

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
2007
$4.2M

Zoning & alternative use

NONE · Lansing, MI
Top alternative use upside
Restaurant $2.6M +22.2%
Auto repair, garage $2.5M +19.5%
Medical building $2.5M +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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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