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    1606 Coleman Ave Lansing, MI 48910

    Sponsored
    For Sale
    $214,900

    COMMERCIAL - Lansing, MI

    Property size:
    3,448 SF
    Lot size:
    0.25 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 6 at 11:06 pm

    Property Features for 1606 Coleman Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 2
    Bathrooms
    5
    APN
    33-01-01-21-377-131
    Parking
    6
    Parking features
    Parking Lot
    Appliances
    Refrigerator, Range
    Size
    3,448 SF
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant
    Water source
    Public

    Building Details

    Year built
    1905
    Floors in Building
    2
    Number of units
    5
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    Home Towne Realty Group (517) 372-2273 [email protected]

    Listing agent Caitlyn Fisher (248) 763-0043 License #6501462072

    Listing date Dec 31, 2025

    Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lansing Investment Property For Sale

    This five-unit investment property is available in Lansing. Each unit features one bedroom and one bathroom. The building benefits from a new roof installed in 2023 and a commercial boiler replaced in 2022. Utilities are billed back to tenants using a ratio utility billing system. The property is sold as-is, and the buyer is responsible for verifying all information. The lot size is 0.25 acres and the property size is 3,448 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.554309
    Latitude
    42.715621

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    FAQs

    What type of property is this?
    Apartment building - Five-unit investment property in Lansing with recent upgrades.
    Where is this apartment building located?
    The property is located at 1606 Coleman Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $214,900.
    What are key features of this property?
    This property features: - Investment property available for under $45k per unit.; - New roof (2023) and commercial boiler (2022).; - Utilities are billed back to tenants using a ratio utility billing system (RUBS).
    (248) 763-0043
    Request Owner's contact information
    1606 Coleman Ave Lansing, MI 48910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1606 Coleman Ave Lansing, MI 48910
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