5002 Saginaw HwyLansing, MI 48917

Property Details for 5002 Saginaw Hwy

Year built

1969

Lot size

3.40 AC

Property size (Sq ft)

36,000 SF

Zone code

NONE

Property type

Strip malls

Property subtype

Neighborhood centers

APN

040 012 300 170 00

APU

4001230017000

Description

This exceptional investment opportunity presents a fully leased, 36,000 square foot retail shopping center and storefront located at 5002 W Saginaw Hwy, Lansing, MI 48917. The property boasts 100% occupancy with three long-term tenants: GrowGeneration, World Buffet, and Little Red Schoolhouse Antiques, ensuring consistent cash flow. Built in 1969, this single-story building sits on a 3.4-acre lot and features 160 parking spaces, ample for tenants and customers. The property is zoned C-Commercial, providing flexibility for future uses. With a strong 9.48% cap rate and a price per square foot of $90.28, this represents a compelling return on investment. The property's prime location on a high-traffic thoroughfare in Lansing, Eaton County, guarantees excellent visibility and accessibility. This well-maintained asset offers a stable and lucrative investment opportunity in a thriving market. The asking price is $3,250,000. The property's diverse tenant mix contributes to its stability and long-term potential. This is a rare chance to acquire a high-performing retail property with significant upside. The parcel number is 04001230017000.

Location Insight

City

Lansing

County

Eaton

State

Michigan

Latitude

42.7421

Longitude

-84.6201

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].