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827 W Saginaw St 2,478 SF Retail Building Lansing, MI 48915 $378,000 ($152.54/SF)


Executive Summary
Investor’s dream in a prime Lansing location! This rare opportunity includes high-visibility corner property at W. Saginaw and N. Butler in a high-traffic area just blocks from the State Capitol, within a designated Brownfield Redevelopment zone and zoned C-1 for commercial/residential use. Formerly home to Shanora’s Beauty/Barber Supply for over 40 years, the building also featured Lansing’s first 2-story, 40-foot mural. Across from the new Moneyball Sportswear Headquarters and A Touch of Tint, this property is perfectly positioned in a thriving business corridor. The sale includes a mixed-use building with two separate units (upstairs residential, downstairs originally commercial and converted to an apartment includes adjacent parking lot and an additional vacant lot Updates include new landscaping, a new boiler, and a new roof. This is a versatile and high-potential investment that won’t last long!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,478 SF
Building Class
C
Year Built
1959
Price
$378,000
Price Per SF
$152.54
Tenancy
Single
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.10 AC
Parking
8 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-01-17-227-321 | Improvements Assessment | $95,800 |
| Land Assessment | $8,700 | Total Assessment | $104,500 |
Property Taxes
Parcel Number
01-01-17-227-321
Land Assessment
$8,700
Improvements Assessment
$95,800
Total Assessment
$104,500
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Presented by
RE/MAX Classic
827 W Saginaw St
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