4515 W Saginaw Hwy $550,000

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    4515 W Saginaw Hwy Lansing, MI 48917

    • 7,951 sq. ft.
    • Commercial Sale
    • MLS# 30755375
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    Views: 285 Days On Site: 155

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    Property Details

    Located on West Saginaw, just East of Lansing Mall and in a popular office and retail area, this 2 building office investment is fully occupied and has numerous updates and upgrades throughout. The property has had a major fa??ade renovation on the office building. The building also received a new roof and full parking lot replacement, including new compacted fill. Also all but one of the HVAC units have been replaced under the current ownership. The 2 buildings sit on over a half acre and share the block with Kentucky Fried Chicken. The property has a projected cash flow of over $38,000 per year based on actually income and expenses. The rents appear under market and offer a great value add for increasing the property cash flow as leases come due. The property also has a billboard producing revenue as well.

    • General Features
      • Gross Building Size 7951
      • Property subtypes Mixed Use,Office Building
      • Sale terms Cash to Seller
      • Transportation types Investment
      • year built Gable
      • zoning PROFESSIONAL OFFICE
    • Building Features
      • building name 2
      • Building status Existing
      • total buildings 2
      • visibility Good
    • Property Features
      • land size max 0.53
      • land size min 0.53
      • land size unit ACRE

    Contact

    Matthew Wisniewski

    Matthew Wisniewski

    Commercial Advisor / Managing Broker

    RE/MAX Commercial Group

    Direct: 517-321-2800 x118

    Neighborhood

    48917 (Lansing) Demographics

    41 Median Age
    1,289 Population Density (per sq. mile)
    48% College Educated
    $61,578 Estimated Median Income
    8,511 Estimated Total Home Owners
    6,225 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    32,044 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $185,000 Median Sales Price
    39 Homes Sold
    17 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $550,000
        8/18/2021 4:31:00 AM New in Database Source: Multiple Listing Service New Value: $550,000

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        The data relating to real estate for sale on this website is provided in part by the Catalyst Commercial MLS. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2022 All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.