5206 Saginaw HwyLansing, MI 48917

This exceptional 21,410 square foot retail center, situated on a 2.14-acre lot in Lansing, Michigan, presents a compelling investment opportunity. The property, built in 1969 and boasting a Class B designation, features a single-story building with a C-2 zoning permit. Currently operating at 55% occupancy, the center generates a Net Operating Income (NOI) of $89,705, yielding a 6.93% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $192,000 and a 14.83% cap rate, indicating substantial growth potential. The property is anchored by a United States Postal Service location and Dance City West, ensuring high visibility and consistent foot traffic within a busy retail corridor. Two available suites, ranging from 2,982 to 7,560 square feet, offer leasing potential to further increase revenue. The asking price is $1,295,000, translating to $60.49 per square foot. This multi-tenant retail center operates under a NNN lease structure with credit-rated tenants. The property's address is 5206 W Saginaw Hwy, Lansing, MI 48917, and its APN is 040-011-400-115-00. This is an owner/user investment opportunity with significant upside.