W Saginaw - City of Lansing Retail Site

Retail-Commercial for Sale
Catylist Listing ID: 30030867
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 6,682 SF
Gross Building Area: See Agent
Gross Land Area: 0.22 Acres
Sale Price: $399,900
Unit Price: $59.85 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 6,682 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2019

Overview / Comments

This is a rare infill location that has many features that would make it ideal for re-purposing to a retail location.
The locations is in an area of established residential housing, easily walk-able and served by well maintained sidewalk systems.
The property has access from both W Saginaw and Lapeer to the South, making for convenient automotive and foot traffic access to the property.
The lot is served by a large parking lot with 44+ spaces, a rare find in urban location.
The building construction allows for high ceilings, conforming to nation retail tenant requirements. Interior is currently in white box with 9' ceilings and a single bathroom.
The property has a grandfathered pole sign at W Saginaw
The F-1 Commercial zoning allows for no front setback requirements
The property is white boxed, ready for your project
Construction is cement block with stucco facade
19,900 Average Daily Traffic on W Saginaw
Next door to Rite Aid Pharmacy

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 33-01-01-17-226-281
Retail Clientele: General, Family
Property Located Between: MLK and Cedar
Property Visibility: Excellent
Largest Nearby Street: MLK Blvd
Traffic/Vehicle Count: 19,900
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,682 SF
Property Condition: Average
Year Built: 1941
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Block, Stucco
Exterior Description: Block construction with Stucco
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,884 88,437 188,245
Median Age: 30.96 34.84 33.51
Households: 6,586 38,104 76,820


Photograph of Listing Agent

Matthew Wisniewski, CCIM

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.