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5200-5210 W Saginaw Hwy

21,000 SF Retail Building Lansing, MI 48917 £1,018,971 (£49/SF)

Executive Summary

Sale: 21,000 SF Retail Center on 2.14 Acres
Lease: Three Suites from 2,982 – 7,560 SF
Located in a Lansing Mall Outlot
High-Traffic Retail Corridor in West Lansing
Corner Site with Multiple Points of Egress/Ingress
USPS Office Neighboring Tenant
Near Large Area Retailers

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,000 SF
Building Class
C
Year Built
1960
Price
£1,018,971
Price Per SF
£49
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
2.20 AC
Zoning
C-2 - Commercial Zoned District
Parking
139 Spaces (6.62 Spaces per 1,000 SF Leased)
Frontage
230 ft on Elmwood Rd

Amenities

  • Bus Route
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dance City West Dance
  • -
  • 4,426 SF
  • -
  • -
  • -
  • Hydroponics
  • Retailer
  • 7,519 SF
  • £4.72
  • NNN
  • -
  • Transportation and Warehousing
  • 3,000 SF
  • -
  • -
  • -

The United States Postal Service has a storied history as the institution of their Government guaranteeing safe and secure communication among and between the Government and the American people. Many are familiar with their history, which began with the Second Continental Congress and Benjamin Franklin in 1775 and continued in 1787 when the Postal Clause of the U.S. Constitution empowered Congress to establish post offices and post roads. Congress exercised those powers with the passage of The Post Office Act of 1792, which made the Postal Service a permanent fixture of the Federal Government. The Act included provisions to facilitate freedom of the press, the privacy of personal correspondence, and expand the nation’s physical infrastructure, all vital to their nation’s growth and prosperity.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dance City West Dance - 4,426 SF - - -
Hydroponics Retailer 7,519 SF £4.72 NNN -
Transportation and Warehousing 3,000 SF - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 5206A
  • 5,300 SF
  • Retail
  • In-Line
  • Now

Suites 5206B and 5206A can be combined for a total of 8,282 SF. $10/SF w/$2.86/SF NNN

  • 5206B
  • 2,982 SF
  • Retail
  • In-Line
  • Now

Suites 5206B and 5206A can be combined for a total of 8,282 SF. $10/SF w/$2.86/SF NNN

  • 5210
  • 7,560 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
5206A 5,300 SF Retail In-Line Now
5206B 2,982 SF Retail In-Line Now
5210 7,560 SF Retail In-Line Now

5206A

Size
5,300 SF
Space Use
Retail
Position
In-Line
Available
Now

5206B

Size
2,982 SF
Space Use
Retail
Position
In-Line
Available
Now

5210

Size
7,560 SF
Space Use
Retail
Position
In-Line
Available
Now

5206A

Size 5,300 SF
Space Use Retail
Position In-Line
Available Now

Suites 5206B and 5206A can be combined for a total of 8,282 SF. $10/SF w/$2.86/SF NNN

5206B

Size 2,982 SF
Space Use Retail
Position In-Line
Available Now

Suites 5206B and 5206A can be combined for a total of 8,282 SF. $10/SF w/$2.86/SF NNN

Nearby Major Retailers

Starbucks
Bank of America
Comerica
Applebee's
Flagstar
Longhorn Steakhouse
Logan's Roadhouse
Golden Corral
Fifth Third Bank
Cheddar's Scratch Kitchen

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
040-011-400-115-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£582,426
  • Listing ID: 21238560

  • Date on Market: 15/10/2020

  • Last Updated:

  • Address: 5200-5210 W Saginaw Hwy, Lansing, MI 48917

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