Property summary
This exceptional commercial property, located at 980 E Saginaw Hwy in Grand Ledge, Michigan, presents a unique investment opportunity. The single-tenant building, totaling 4,007 square feet, sits on a sizable 4.24-acre lot and boasts excellent visibility and accessibility from the busy East Saginaw Highway. Built in 1997, the one-story structure previously housed a Wendy's restaurant and includes a drive-thru. The property also features a substantial 1,809 square foot storage building, adding significant versatility. With 55 total parking spaces, ample room is available for customers and employees. The B-1 zoning allows for a variety of retail and restaurant uses. The property's location within a prominent retail corridor, surrounded by national tenants, ensures high traffic and strong potential for success. The property's APN is 400-013-100-070-00, and it is situated in Eaton County, Michigan, zip code 48837. This is a rare chance to acquire a well-located, established commercial property with significant potential for growth and return on investment. The entire building is currently vacant, offering immediate occupancy for a new tenant or business owner. The property's size and features make it ideal for a variety of commercial uses, providing flexibility for potential buyers. The combination of high visibility, ample parking, and a strategic location makes this an attractive proposition for discerning investors seeking a strong foothold in a thriving market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
lot Plan (Depicts Required Setbacks on Land) (PDF) Basic Residential Accessory Structure Regulations (PDF) Basic Sign Ordinance Regulations (PDF) Examples of Illegal Signs (PDF) Commercial Planning & Zoning Regulations "…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Grand Ledge, MIlot Plan (Depicts Required Setbacks on Land) (PDF) Basic Residential Accessory Structure Regulations (PDF) Basic Sign Ordinance Regulations (PDF) Examples of Illegal Signs (PDF) Commercial Planning & Zoning Regulations "…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
lot Plan (Depicts Required Setbacks on Land) (PDF) Basic Residential Accessory Structure Regulations (PDF) Basic Sign Ordinance Regulations (PDF) Examples of Illegal Signs (PDF) Commercial Planning & Zoning Regulations "…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Grand Ledge, MI.
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