3101 Saginaw StLansing, MI 48912

Property Details for 3101 Saginaw St

Year built

1947

Lot size

0.95 AC

Property size (Sq ft)

14,289 SF

Zone code

F COMM

Property type

Retail space

APN

33-01-01-11-451-002

APU

33010111451002

Description

Medawar Strip Center, located at 3101 E Saginaw St, Lansing, MI 48912, presents a unique opportunity for restaurant businesses seeking a high-visibility location. This single-story, 1947-built property underwent renovations in 2000 and offers multiple spaces, with a minimum of 1,020 square feet and a maximum contiguous space of 2,373 square feet. The center is situated on a major commercial corridor in Central Lansing, at the intersection of E Saginaw St, Clippert St, and US-127, ensuring high foot traffic and excellent visibility. Its strategic location provides easy access to Michigan State University campus and the Frandor Shopping Center, further enhancing its appeal. The property benefits from its placement on a bus line and at a signalized intersection, improving accessibility. Ample parking is available with approximately 57 free spaces. The property is zoned F Commercial (Retail) and has an APN of 33-01-01-11-451-002. This is an exceptional opportunity to establish or expand a restaurant business in a thriving Lansing location. The building's total square footage is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,290,790

  6.5%

  $1,191,500

  7%

  $1,106,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,390,060

  Geo Method

  $1,390,060

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,621,440

  Mixed-Use / Specialty

  $1,066,870

  Hospitality / Lodging

  $625,997

  Office

  $935,147

  Institutional / Educational

  $1,066,090

  Residential Income

  $1,247,330

  Multifamily

  $2,163,350

  Automotive / Energy

  $913,792

  Parking / Income-Based Land

  $434,273

  Restaurant / Food Service

  $297,971

  Healthcare / Senior Housing

  $1,217,500

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7413

Longitude

-84.5079

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].