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Property profile & analytics
OFF-MARKET Estimated value $1,450,000
Strip malls

8741 Saginaw Hwy Lansing, MI 48917-7752

23,280 SF 3.91 ac lot Built 2002
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-2242113
Property summary
AI-generated overview

This exceptional 24,000 square foot Class B retail strip center, built in 2002, presents a fantastic leasing opportunity in Lansing, Michigan's thriving west side commercial corridor. Located on Saginaw Highway, just west of I-96, this property offers unparalleled access to major highways, ensuring high visibility and convenient access for customers. The center boasts 224 parking spaces, providing ample convenience for shoppers and employees. Currently, there are 3,800 square feet of vacant space available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,760 square feet. The property is zoned commercial and situated in Eaton County. This well-established center is anchored by a diverse mix of successful businesses, including Biggby Coffee, Acapulco Mexican Grill, Orthopedic Rehab Specialists, H&H Jewelers, and The Tin Can, among others. The strategic location benefits from proximity to major national retailers such as Menards, Walmart, Lowe's, Hobby Lobby, Sierra Trading Post, BJ's Wholesale, and TJ Maxx, creating a strong synergy and high foot traffic. An attractive feature is the availability of an ATM drive-thru lane for lease, adding further potential for income generation. This property is ideal for businesses seeking high visibility, convenient access, and a strong tenant mix in a rapidly growing commercial area. The single-story building offers easy accessibility and efficient space utilization. Contact us today to explore this exceptional leasing opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 23,280 SF
Lot 3.91 ac (170,320 SF)
Zoning code NONE
APN 040 016 100 008 00
UPID US43-2242113
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
  • Orthopaedic Rehab Specialists Physical Therapy Medical Clinic
  • In Motion Dance Center Training Center
  • H & H Jewelry Design (Bike/Boat/Book/etc) Store
  • BIGGBY COFFEE Cafe & Coffee Shop
  • PROTHERAPY Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.45M
Owner & transaction history
S & T MIGALDI LLC
S & T MIGALDI LLC
Zoning & alternative use
NONE · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $2.3M +98.6%
Commercial (general) $2.0M +78.2%
Retail stores $2.0M +71.6%
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