2320 Saginaw StLansing, MI 48912

Property Details for 2320 Saginaw St

Year built

1931

Lot size

0.18 AC

Property size (Sq ft)

1,698 SF

Zone code

E-2 LOC

Property type

Auto shops

APN

33-01-01-14-105-441

APU

33010114105441

Description

This exceptional 1,700 square foot auto service facility is ideally situated at a signaled corner on a heavily trafficked eastbound thoroughfare in Lansing, Michigan. The property boasts a desirable E-2, Local Business zoning, allowing for a variety of uses. The building features a reception area, two private offices, and spacious service bays equipped with three overhead doors (ranging from 8'x8' to 10'x10') complete with electric openers and three car lifts. High ceilings (13 feet clear), fluorescent lighting, and robust 200-amp, 220-volt power ensure efficient operations. The approximately eight-year-old roof provides peace of mind. Ample lighted paved parking is available for customers and staff. This two-parcel assemblage offers over 300 feet of frontage and two convenient access points, presenting opportunities for expansion. The property's strategic location, just half a mile from US-127 and 1.2 miles from I-496, ensures high visibility and accessibility. Strong demographics and significant traffic counts make this a compelling investment opportunity. The 0.37-acre lot provides ample space, and the building's partially occupied status offers potential for increased revenue. This turnkey operation is priced at $450,000, representing a price per square foot of $264.71. The property is located at 2320 E Saginaw St, Lansing, MI 48912.

• CAP approach

  CAP return

  Valuation

  6%

  $156,148

  6.5%

  $144,137

  7%

  $133,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,254

  Geo Method

  $400,254

• Alternative Use

  Use

  Valuation

  Residential

  $121,585

  Hospitality

  $111,371

  Educational

  $92,659

  Medical

  $95,846

  Retail

  $144,137

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7407

Longitude

-84.5179

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].