5625 W Saginaw Hwy | Lansing, MI 48917
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- LoopNet Team
5625 W Saginaw Hwy
Lansing, MI 48917
Grocery Anchored Shopping Center -Lansing, MI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ±138,000 SF grocery anchored shopping center located in the heart of Lansing, Michigan’s main retail corridor
- ALDI recently expanded their footprint and extended their lease due to exceptionally strong store sales
- Positioned ±10 minutes from both the State of Michigan’s Capitol and Michigan State University (50,000+ students)
- 100% occupied by ALDI, Big Lots, Burlington, and Cheddar’s (all national tenants)all have occupied their spaces since 1984-2004
- Strategically located across the street from the 750k+ square foot Lansing Mall & Nearby national retailers Target, Meijer, Kroger, Kohl’s, & Best Buy
- ±550,000 people reside within the Lansing MSA with avg households incomes greater than $80,000/year
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
137,761 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1970/2020
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
11.43 AC
Zoning
Commercial - Commercial IMP
Parking
369 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
934’ on Mall
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 040-014-200-015-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,735,600 |
PROPERTY TAXES
Parcel Number
040-014-200-015-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,735,600
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