Property profile

6240 Saginaw Hwy Lansing, MI 48917

OFF-MARKET
Strip malls
Property ID
US43-2007495
15,359 SF 1.45 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Shipping Company Freight Service
  • Travel Agency
  • Courier Service Postal Service
  • IT Consulting Firm Tech Support Center

Location

6240 Saginaw Hwy Lansing, MI 48917-2467
Lansing metro Census 20103 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
$956k
Blend (final) Blend
$545k

Owner & transaction history

Zoning & alternative use

NONE · Lansing, MI
Top alternative use upside
Restaurant $1.5M +98.6%
Commercial (general) $1.4M +78.2%
Retail stores $1.3M +71.6%

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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