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5002 W Saginaw Hwy

36,020 SF 100% Leased Retail Building Lansing, MI 48917 $3,250,000 ($90/SF)

Storefront Properties Michigan Lansing 5002 W Saginaw Hwy, Lansing, MI 48917

Investment Highlights

  • 100% occupancy with long-term tenants
  • Prime location in Lansing area

Executive Summary

36,000 SF building with 3 units
100% occupancy with long-term tenants
Cap Rate: 9.48%
Frontage on high-traffic thoroughfare
Zoned C - Commercial
Ideal for Retail / Community Center investment
Prime location in Lansing area
Well-maintained property built in 1969
Strong investment opportunity
Diverse tenant mix for stability

Attachments

5002 W Saginaw Hwy Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
36,020 SF
Building Class
C
Year Built/Renovated
1969/1988
Price
$3,250,000
Price Per SF
$90
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Land Acres
3.40 AC
Zoning
F-1 - Commercial
Parking
205 Spaces (5.69 Spaces per 1,000 SF Leased)
Frontage
50 FT on Saginaw

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
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5002 W Saginaw Hwy, Lansing, MI - aerial map view - Image1
5002 W Saginaw Hwy, Lansing, MI - aerial map view - Image2
5002 W Saginaw Hwy, Lansing, MI - aerial map view - Image3

Nearby Major Retailers

Fifth Third Bank
Golden Corral
Jazzercise
Starbucks
Bank of America
Comerica
Applebee's
Chase Bank
Biggby Coffee
Meijer

PROPERTY TAXES

Parcel Number 040-012-300-170-00 Improvements Assessment $0
Land Assessment $0 Total Assessment $999,000

PROPERTY TAXES

Parcel Number
040-012-300-170-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$999,000
(517) 487-9222

  • Listing ID: 32637423

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 5002 W Saginaw Hwy, Lansing, MI 48917

More public record information on 5002 W Saginaw Hwy, Lansing, MI 48917

The Retail Property at 5002 W Saginaw Hwy, Lansing, MI 48917 is currently available For Sale. Contact NAI Mid-Michigan for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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5002 W Saginaw Hwy, Lansing, MI for sale Aerial- Image 1 of 11
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5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 2 of 11
Center Signage
5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 3 of 11
Grow Generation - Street View
5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 4 of 11
Wolrd Buffet - Street View
5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 5 of 11
Antique Store - Street View
5002 W Saginaw Hwy, Lansing, MI for sale Aerial- Image 6 of 11
North Aerial Highlighted
5002 W Saginaw Hwy, Lansing, MI for sale Aerial- Image 7 of 11
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5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 8 of 11
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5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 9 of 11
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5002 W Saginaw Hwy, Lansing, MI for sale Building Photo- Image 10 of 11
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5002 W Saginaw Hwy
(517) 487-9222 x

5002 W Saginaw Hwy

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Ryan Shapiro

(517) 487-9222

(517) 487-9222

Dave Robinson

(517) 487-9222

(517) 487-9222

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