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    Property profile & analytics
    OFF-MARKET Estimated value $955,000
    Strip malls

    6240 Saginaw Hwy, Lansing, MI 48917-2467

    15,359 SF 1.45 ac lot Built 1994
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-2007495
    Property summary
    AI-generated overview

    This exceptional single-story retail strip center, totaling 15,352 square feet, presents a prime investment opportunity in Lansing's west sub-market. Located at 6240-6258 W. Saginaw Highway, at the intersection of W Saginaw Highway and Lincoln Ct., in Eaton County, this well-maintained property offers excellent visibility and accessibility. The center comprises six suites, with a total of 4,430 square feet currently vacant, offering flexibility for various retail businesses. Individual suites range from a minimum of 1,364 square feet to a maximum contiguous space of 3,066 square feet. The property benefits from its strategic location in a high-traffic retail corridor, boasting established tenants such as Sparrow Laboratories and FedEx Office Print & Ship Center. This presents a unique chance to capitalize on a strong existing tenant base and a competitive lease rate. The property's single-story design and ample parking provide convenient access for both customers and employees. This is an ideal opportunity for investors seeking a well-located, established retail center with significant potential for growth. The property's location near Creyts Rd further enhances its accessibility and visibility. The available space offers a chance to establish a new business or expand an existing one in a thriving commercial area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1994
    Total area 15,359 SF
    Lot 1.45 ac (63,162 SF)
    Zoning code NONE
    APN 040 088 001 070 00
    UPID US43-2007495
    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
    • FedEx Drop Box Shipping Company Freight Service
    • Rush My Passport Travel Agency
    • FedEx Office Print & Ship Center Courier Service Postal Service
    • Digital Forensics Corp IT Consulting Firm Tech Support Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $956k
    Blend (final) Blend
    $955k
    Owner & transaction history
    GOLDEN PARTNERSHIP
    GOLDEN PARTNERSHIP
    Zoning & alternative use
    NONE · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.5M +98.6%
    Commercial (general) $1.4M +78.2%
    Retail stores $1.3M +71.6%
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