Retail Space
5805 West Saginaw Highway Lansing, MI 48917
Details & Description
Price: $2,041,000
    Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate-Michigan, Inc., is pleased to present Chipotle located at 5805 West Saginaw Highway in Lansing, Michigan. The site is located approximately 5 miles west of downtown Lansing, which is the state capitol of Michigan. The property is comprised of a newly constructed 2,400 SF retail building situated on a 0.63-acre parcel with a drive-thru. Chipotle is subject to a 10-year ground lease with a corporate guaranty and 10% increases every 5 years throughout the primary term and option periods. The site is an outlot positioned at a signalized hard corner directly across from the Lansing Mall. There are 111,075 residents within five miles of the site that have an average household income over $65,000. This asset’s location in a regional trade area at a signalized hard corner with excellent traffic exposure, combined with desirable tenancy and new construction, make it an excellent net lease investment opportunity.
    Additional Photos
    Listing Agents
    Wes Koontz
    Mid-America Real Estate Corpor
    O: 630-954-7395
    wkoontz@midamericagrp.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5805 West Saginaw Highway

    Lansing, MI 48917

    Listing ID: 215035
    • 5805 West Saginaw Highway Lansing, MI 48917 | for Sale | Photo 1
    • 5805 West Saginaw Highway Lansing, MI 48917 | for Sale | Photo 2
    • 5805 West Saginaw Highway Lansing, MI 48917 | for Sale | Photo 3
    • 5805 West Saginaw Highway Lansing, MI 48917 | for Sale | Photo 4
    5805 West Saginaw Highway | for Sale | Thumbnail 1
    5805 West Saginaw Highway | for Sale | Thumbnail 2
    5805 West Saginaw Highway | for Sale | Thumbnail 3
    5805 West Saginaw Highway | for Sale | Thumbnail 4
    Building Size: 2,400 SF
    Lot Size: 0.630 AC
    Land Size: 27,442 SF
    Building $/SF: $850.42
    Land $/SF: $74.38
    Price
    $2,041,000
    Description

    Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate-Michigan, Inc., is pleased to present Chipotle located at 5805 West Saginaw Highway in Lansing, Michigan. The site is located approximately 5 miles west of downtown Lansing, which is the state capitol of Michigan. The property is comprised of a newly constructed 2,400 SF retail building situated on a 0.63-acre parcel with a drive-thru. Chipotle is subject to a 10-year ground lease with a corporate guaranty and 10% increases every 5 years throughout the primary term and option periods. The site is an outlot positioned at a signalized hard corner directly across from the Lansing Mall. There are 111,075 residents within five miles of the site that have an average household income over $65,000. This asset’s location in a regional trade area at a signalized hard corner with excellent traffic exposure, combined with desirable tenancy and new construction, make it an excellent net lease investment opportunity.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Lansing Area Market Trends

    Listing Demographics for 5805 West Saginaw Highway Lansing, MI 48917

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population7,84541,793109,748
    Population Median Age424138
    Population by Age0-9 Yrs674 (8%)4076 (9%)13576 (12%)
    10-19 Yrs783 (9%)4358 (10%)12448 (11%)
    20-29 Yrs1499 (19%)6722 (16%)19140 (17%)
    30-39 Yrs1007 (12%)5841 (13%)15226 (13%)
    40-49 Yrs773 (9%)4456 (10%)12214 (11%)
    50-59 Yrs974 (12%)5688 (13%)14158 (12%)
    60-69 Yrs1061 (13%)5489 (13%)12613 (11%)
    70+ Yrs1075 (13%)5165 (12%)10372 (9%)
    Median HH Income$54,208$59,595$49,532
    Total Household Income< 24K562 (15%)3441 (18%)11099 (23%)
    25-49K1174 (31%)4393 (23%)12319 (26%)
    50-74K675 (18%)3638 (19%)8629 (18%)
    75-99K487 (13%)2918 (15%)5978 (12%)
    100-199K663 (17%)3707 (19%)7279 (15%)
    200K+132 (3%)565 (3%)1113 (2%)
    Highest Education LevelNo Diploma24715456418
    Diploma or GED1355694518718
    Some College1421769819657
    Assoc. Degree78035367641
    Bachelors Degree1204669814279
    Higher Degree70239208010
    Total Housing Units4,04619,89151,559
    --Owner-Occupied1,61211,27826,459
    --Renter-Occupied2,0817,38319,959
    Owner-Occupied Values< 100K178274311335
    100-199K931599510498
    200-299K38517343254
    300-399K75540858
    400-499K11125229
    500K+32141285
    Total Working Age Population6,79335,21788,491
    In Work Force4,37722,97258,294
    Not In Work Force2,41612,24530,197
    Workforce Employed4,18621,59254,014
    Workforce Unemployed1911,3804,263
    Civlian Workforce4,37722,97258,277
    Military Workforce0017
    Total Households3,69318,66146,418
    Family Households1,93910,40025,038
    Non-Family Households1,7548,26121,380
    Married Couple1,3817,52416,467
    Other Family5572,8768,571
    Married w/Child4162,4685,854
    Single Male w/Child1083571,013
    Single Female w/Child2161,0873,762

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Clinton County64,753+1675,382+680,045+886,258
    Eaton County103,655+4107,759+2109,760+4114,184
    Ingham County279,320+1280,895+5296,059+9322,507

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5805 West Saginaw Highway in Lansing?
    The asking price for 5805 West Saginaw Highway is $2,041,000
    What is the building size of this Retail property in Lansing, MI?
    The size of the building/unit at 5805 West Saginaw Highway in Lansing is 2,400 square feet
    How much land does the Lansing, MI property at 5805 West Saginaw Highway include?
    5805 West Saginaw Highway in Lansing includes 0.630 acres of land
    What kind of Retail is the propery at 5805 West Saginaw Highway?
    The property at 5805 West Saginaw Highway Lansing, MI 48917 is listed as a Food Service Retail property
    What is the population within 1 mile of 5805 West Saginaw Highway in Lansing?
    The population within 1 mile of 5805 West Saginaw Highway Lansing, MI 48917 is 7,845 people.
    Who do I contact for questions about 5805 West Saginaw Highway?
    You should contact the listing agent, Wes Koontz, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    MBS International Airport (MBS) 61
    Detroit Metropolitan Wayne County Airport (DTW) 75
    Toledo Express Airport (TOL) 90
    Price
    $2,041,000
    Listing Agent
    Wes Koontz - CRE Agent at Mid-America Real Estate Corpor

    Wes Koontz

    Mid-America Real Estate Corpor

    CONTACT AGENT

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