2320 E Saginaw, Lansing

Retail-Commercial for Sale
Catylist Listing ID: 30835572
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 1,698 SF
Gross Land Area: 0.37 Acres
Sale Price: $450,000
Unit Price: $265.02 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 1,698 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/13/2023

Overview / Comments

Prime Commercial property for sale! Under the same ownership for the last 50 years. Sale includes two city parcels with 264'of frontage on Saginaw between N.Foster and N.Hayford and a 1700 sq ft automobile repair shop. Shop has two private offices, 3 overhead doors (1-8'x8')(1-8'x10')(1-10'x10') and 3 car lifts. Building has a clear height of 13', new roof approximately 8 years old. Highly visible property, with a daily vehicle count in excess of 20,000

Attachments & Media

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing
Tax ID/APN: 33-01-01-14-105-441 / 33-01-01-14-105-011
Retail Clientele: General, Business, Other
Property Located Between: N.Foster and N.Hayford
Property Visibility: Excellent
Largest Nearby Street: E. Saginaw
Feet of Frontage: 264
Highway Access: 1/2 from127
Airports: Lansing Regional
Site Description: two parcels / Currently private owned auto repair facility
Area Description: Residential neighborhood with retail, office, shopping and highway 127 half mile away
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1931
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block Building - Flat roof (8 years old )
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Asphalt / Gravel
Sprinklers: None
Heat Type: Natural Gas, Other
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Zoning Description: Commercial
Lot Frontage: 264
Lot Depth: 66
Water Service: Municipal
Sewer Type: Municipal
Legal Description: (Parcel 1) LOT 223 & S 25 FT LOT 224 FOSTER FARM (Parcel 2) LOTS 77 & 78 FOSTER FARM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,531 111,943 201,743
Median Age: 31.74 29.42 32.76
Households: 8,685 42,113 80,127


Photograph of Listing Agent

Kenneth Burton

Keller Williams Commercial
CPIX Member
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