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5510 W Saginaw Hwy $1,550,000

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5510 W Saginaw Hwy Lansing, MI 48917

  • 3,322 sq.ft.
  • Commercial Sale
MLS# 30504927 | Active
Days On Market: 29 77 Views
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Property Details

Single Tenant Net Leased Bank of America location. This location, leased since 1974 is Net leased to Bank of America and was just renewed for an additional term with multiple renewal options with increases to base rent. With no landlord responsibilities, a very strong national credit tenant and a highly coveted location in the retail hub of West Lansing, this is an ideal investment property for no hassle ownership. Lease terms are subject to a non disclosure agreement and may only be disclosed upon accepted offer to purchase and execution of the Tenants non disclosure agreement

  • General Features
    • Gross Building Size 3322
    • Rental Space Available 3322
    • Property subtypes Retail Pad
    • Sale terms Cash to Seller
    • Use types Investment
    • year built 1974
    • zoning C
  • Building Features
    • building name Bank of America
    • Building status Existing
    • building stories 1
    • Roof type Gable
    • total buildings 1
    • visibility Excellent
  • Property Features
    • land size max 0.68
    • land size min 0.68
    • land size unit ACRE

Contact

Matthew Wisniewski

Commercial Advisor / Managing Broker

RE/MAX Commercial Group

Direct: 517-321-2800 x118

Neighborhood

48917 (Lansing) Demographics

40Median Age
1,324Population Density (per sq. mile)
46%College Educated
$53,439 Estimated Median Income
8,050Estimated Total Home Owners
6,258Estimated Total Renters
56% / 44%Estimated Owner / Renter Divide
3Estimated Average Household Size
32,205Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$167,250 Median Sales Price
36 Homes Sold
37 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,550,000
      10/8/2019 4:30:27 AM Price Reduced Source New Value: $1,550,000 -3.13%
      9/24/2019 4:31:00 AM New in Database Source New Value: $1,600,000

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      The data relating to real estate for sale on this website is provided in part by the Catalyst Commercial MLS. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2019 All rights reserved.