4002 W Saginaw Hwy - Storefront FOR SALE


Lansing, MI 48917- Delta Township
$5,300,000 USD
517-351-2200
4002 W Saginaw Hwy, Lansing, MI for Sale
$5,300,000 USD
Storefront - FOR SALE
1/4
null | 7.56% Cap Rate

4002 W Saginaw Hwy
Lansing, MI 48917
Delta Township


OVERVIEW

Contact Broker for financials and confidentiality agreement. VALUE-ADD RETAIL INVESTMENT OPPORTUNITY Positioned along the highly established W. Saginaw Highway retail corridor, this 86%-occupied shopping center offers a compelling value-add opportunity through vacancy absorption, tenant mix optimization and the potential to capture higher market rents. Several existing local tenants occupy below-market positions, creating additional long-term upside as ownership enhances the center’s merchandising mix and attracts additional regional and national retailers. The property features a diverse mix of national, regional and established local operators. Key tenants include Aaron’s, occupying 9,188 SF; SNIPES, occupying 7,000 SF; and Little Caesars, occupying 3,000 SF. These recognizable brands provide established customer traffic and complement the center’s local tenant base. The property is located within one of Greater Lansing’s largest and most established retail destinations, spanning more than four miles along W. Saginaw Highway. The corridor features a concentration of major national retailers and restaurants, including Meijer, Kroger, Aldi, Target, Burlington, TJ Maxx, Chick-fil-A, Panda Express, Starbucks, Panera Bread and Culver’s, along with hundreds of additional retail, restaurant, service and entertainment businesses. Excellent visibility and accessibility are supported by approximately 25,362 vehicles per day on W. Saginaw Highway and 17,338 vehicles per day on Waverly Road. The surrounding five-mile trade area includes approximately 117,501 residents and more than 52,000 households, with an average household income of $81,531. Convenient access to I-496 and I-69 further strengthens the location, providing connectivity throughout Lansing, Delta Township, East Lansing and the broader Greater Lansing region. INVESTMENT HIGHLIGHTS: 86% occupancy | Value-add leasing potential | Below-market rents | National and regional tenancy | Established retail corridor | 25,362 VPD on W. Saginaw Highway | 117,501 residents within five miles | Convenient I-496 and I-69 access

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Saginaw Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

206

LAND DETAILS

CROSS STREETS

NWC W Saginaw Hwy & Waverly Rd

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

B-1

APN/PARCEL ID

040-058-000-011-00

ASK ABOUT THIS PROPERTY

Van MartinMartin Commercial PropertiesMore Info
517-351-2200

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Van MartinMartin Commercial PropertiesMore Info
517-351-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.