6025 Saginaw HwyLansing, MI 48917

Property Details for 6025 Saginaw Hwy

Year built

1999

Lot size

2.12 AC

Property size (Sq ft)

29,459 SF

Zone code

NONE

Property type

Outlet malls

APN

040 074 500 020 00

APU

4007450002000

Description

This exceptional 30,000-square-foot retail warehouse space, located at 6025 W Saginaw Hwy in Lansing, Michigan, presents a unique investment opportunity. Built in 1999 and renovated in 2006, this single-tenant building sits on a 2.12-acre lot in Eaton County and offers a compelling blend of showroom and warehouse functionality. The property features a spacious showroom, ideal for showcasing products, complemented by a substantial warehouse area perfect for storage and distribution. Multiple offices, conference rooms, and a break room provide ample space for administrative functions and employee comfort. The building's history includes a successful 18-year run as a La-Z-Boy showroom, followed by three years as a Kligman's Furniture location, demonstrating its suitability for retail operations. The property boasts 75 total parking spaces, catering to both employees and customers, with potential for expansion. Two truck-height loading docks, 16-foot ceilings, and a wet sprinkler system enhance operational efficiency and safety, making it suitable for a variety of retail or distribution businesses. The property's prime location on West Saginaw Highway ensures high visibility and accessibility. This is a turnkey solution for businesses seeking a well-maintained, spacious, and strategically located facility in a thriving Michigan market. The zip code is 48917.

• CAP approach

  CAP return

  Valuation

  6%

  $2,661,170

  6.5%

  $2,456,460

  7%

  $2,281,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,412,310

  Geo Method

  $2,412,310

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,404,520

  Mixed-Use / Specialty

  $2,199,520

  Hospitality / Lodging

  $1,290,590

  Office

  $1,927,950

  Institutional / Educational

  $2,197,910

  Residential Income

  $2,571,560

  Multifamily

  $4,460,080

  Automotive / Energy

  $1,883,920

  Parking / Income-Based Land

  $895,321

  Restaurant / Food Service

  $614,314

  Healthcare / Senior Housing

  $2,510,070

Location Insight

City

Lansing

County

Eaton

State

Michigan

Latitude

42.7404

Longitude

-84.636

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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