For Sale
Call for price

111 Saginaw St East Lansing, MI 48823

14,564 SF Former Rite Aid, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional 14,564-square-foot freestanding retail building, constructed in 2007, presents a unique redevelopment opportunity in the vibrant heart of East Lansing, Michigan. Located at 111 E Saginaw St, this vacant property sits on a highly visible 2.14-acre lot at a lighted intersection of Abbot Rd and E Saginaw St, experiencing over 47,000 vehicles daily. Its prime location offers unparalleled access to a substantial consumer base, boasting proximity to Michigan State University's campus, with its 50,000+ student population, and the thriving communities of East Lansing and Lansing. The building's strategic position along a major thoroughfare connecting several surrounding towns ensures high visibility and accessibility. Furthermore, its location less than two miles from major retailers like JoAnn's, McDonald's, Petco, and TJ Maxx, further enhances its appeal and potential for success. This single-story building offers significant potential for a variety of retail uses, capitalizing on its high-traffic location and proximity to a large and diverse population. The property's size and location make it an ideal investment for owner-users seeking to establish a strong presence in a dynamic market. The building's existing infrastructure provides a solid foundation for redevelopment, minimizing initial investment costs and accelerating the timeline to occupancy. This is a rare opportunity to acquire a substantial retail property in a prime location with exceptional growth potential. The property is zoned for commercial use and is ready for immediate redevelopment.

Highlights

  • 14,564 SF freestanding retail building, built in 2007, with easy access from Abbot Rd and Saginaw St.
  • Excellent location benefiting from Michigan State University, East Lansing, and Lansing communities.
  • Situated on a major east/west thoroughfare connecting several surrounding communities.
  • High-traffic corner lot (Abbot Rd & E Saginaw St) with over 47,000 vehicles daily.
  • Less than two miles from major retailers (JoAnn's, McDonald's, Petco, TJ Maxx) and 1.9 miles from Michigan State University (50,000+ students).

Property Details for 111 Saginaw St

Property type
Retail properties, Drug stores
Square Feet
14,565 SF
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
93,218 SF

Location Insight

City
East Lansing
County
Ingham
State
Michigan
Latitude
42.7475187
Longitude
-84.4828069
111 Saginaw St, East Lansing, Michigan

FAQs

What type of property is this?
Retail property - 14,564 SF Former Rite Aid, High Traffic
Where is the retail property located?
The property is located at 111 Saginaw St East Lansing, MI.
What are key features of this property?
This property features: 14,564 SF freestanding retail building, built in 2007, with easy access from Abbot Rd and Saginaw St.; Excellent location benefiting from Michigan State University, East Lansing, and Lansing communities.; Situated on a major east/west thoroughfare connecting several surrounding communities.
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111 Saginaw St
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