3121 W Saginaw Street

Lansing, MI 48917 / Windemere

MLS ID# 272726 Expired
Commercial Sale

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$375,000

0.36 acres

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• Description
• Location & Legal Info
• General Property Info
• Tax Info
• Compensation Info
• Details

Description

3,776 sf commercial building, with 70% leased occupancy. Current monthly cash flow at $3,500, cash flow could grow to $5,500 when fully occupied. High grade modern mixed-use space is ready for additional tenants or owner/investors. Less than a mile from $100 million redevelopment of Waverly Golf Course and GM expansion.100 ft of West Saginaw St. frontage is highest visibility in Lansing, with close access to i96/496, many restaurants, gas stations, banks and big box stores nearby. 2022 renovation includes: Brand new roof (complete tearoff) All new lighting and ceilings All new commercial grade flooring upper level Newly-polished concrete lower level Land contract available with 30%, 10 year amortization, and 10% interest. 3,776 sf commercial building, with 70% leased occupancy. Current monthly cash flow at $3,500, cash flow could grow to $5,500 when fully occupied. High grade modern mixed-use space is ready for additional tenants or owner/investors. Less than a m... show more

Location & Legal Info

• Street # 3121
• Street Direction W
• Street Name Saginaw
• Suffix Street
• City Lansing
• State MI
• Zip Code 48917
• Zip +4 5301
• School District Lansing
• Key Combo
• TownshipTax Authority Lansing City
• County Ingham
• Subdivision Windemere
• Legal LOTS 120 & 121 INCLUDING N 1/2 OF VACATED ALLEY: ALSO LOT 122 INCLUDING S 1/2 VACATED ALLEY ADJACENT TO THE N BOUNDRY OF SAID LOT 122 WINDEMERE SUBDIVISION
• Directions W Saginaw

General Property Info

• Property Sub-Type Commercial Sale
• Building 1 Description Brick Bi Level
• Year Built 1971
• Foundation Size 1920
• Above Grade Finished Area 1920
• Living Area Source Assessor
• SqFt - Office 3840
• Stories 2
• Parking Total 16
• Surface Blacktop
• Lot Size Dimensions undefinedxundefined
• Lot Acres 0.36

Tax Info

• State Eq Value 118300
• Eq Year 2022
• Taxes 8870
• Tax Year 2022
• Parcel # 33-21-01-18-128-001
• Taxable Value 118300
• Taxable Value Year 2022
• Zoning Commercial

Compensation Info

• Buyer Agency Compensation 2.50%
• Sub Agency Compensation 2.50%

Details

• Current Use

  Other

• Security Features

  Carbon Monoxide Detector(s), Smoke Detector(s)

• Misc Business Info

  # Parking:16, Parking Surface:Blacktop, Roof Type:Shingles

• Appliances

  Built-In Refrigerator, Microwave

• Flooring

  Concrete, Other

• Laundry Features

  None

• Lot Features

  Back Yard, Near Golf Course, Corner Lot

• Basement

  Exterior Entry, None

• Foundation Details

  Block

• Exterior

  Aluminum Siding, Brick

• Parking Features

  Concrete, Concrete, Driveway, Parking Lot, Private

• Electric

  200+ Amp Service

• Water Source

  Public

• Sewer

  Public Sewer

• Roof

  Shingle

• Road Frontage Type

  City Street

• Road Surface Type

  Asphalt

• Heating

  Forced Air

• Cooling

  Central Air

• Utilities

  Cable Available, High Speed Internet Available

• Land & Acreage

  Up to 1/4 Acre

• Architectural Style

  Bi-Level

• Levels

  Two

• Terms

  Cash, Conventional

• Showing Requirements

  24 Hour Notice, Showing Time

• Current Financing

  Other

• Showing Days

  Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday

• Showing Details

  No Showing Attended

• Disclosures

  Sellers Disclosures