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: 7/20/2018

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
Zoning: F-1 AND J (REAR OF PROPERTY TOWARDS LAPEER)
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

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

Contact

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