4359 Saginaw HwyLansing, MI 48917

Property Details for 4359 Saginaw Hwy

Year built

1973

Lot size

1.73 AC

Property size (Sq ft)

18,664 SF

Zone code

NONE

Property type

Strip malls

Property subtype

Neighborhood centers

APN

040 013 200 005 00

APU

4001320000500

Description

Saginaw Centre, a premier retail property in Eaton County, presents an exceptional investment opportunity. This single, five-story building boasts a total of 18,664 square feet of commercial space, with five available units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 10,830 square feet. Currently, there is 29,690 square feet of vacant space ready for immediate occupancy. The property sits on a sizable 1.48-acre lot, providing ample parking for customers and employees. Recent renovations completed in 2024 ensure the building is in excellent condition and ready for new tenants. The B-1 zoning allows for a wide variety of retail uses, including but not limited to coffee shops, delis, clothing stores, general goods retailers, specialty shops, and restaurants. The property features excellent signage opportunities, ensuring high visibility for businesses. The property's APN is 04001320000500. This is a rare chance to secure prime retail space in a thriving location with significant potential for growth. The building's modern amenities and convenient location make it an ideal choice for businesses seeking a high-traffic area with strong customer demographics. Don't miss this opportunity to establish your business in this well-maintained and strategically located retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $1,716,345

  6.5%

  $1,584,318

  7%

  $1,471,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,704,764

  Geo Method

  $3,704,764

• Alternative Use

  Use

  Valuation

  Residential

  $1,336,432

  Hospitality

  $1,224,164

  Educational

  $1,018,490

  Medical

  $1,053,518

  Retail

  $1,584,318

Location Insight

City

Lansing

County

Eaton

State

Michigan

Latitude

42.7405

Longitude

-84.6117

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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