Auto Shop with Vehicle
For Sale
$199,999
226 W Cesar E Chavez Avenue, Lansing, MI 48906
Commercial Sale, Lansing, MI
Property Size1,759 SF
Lot Size0.26 Acres
Price / SF$113.70
Days on Market14
Property Features for 226 W Cesar E Chavez Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
MISC COM SVCS
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Lansing
Middle school district
Lansing
High school district
Lansing
Standard status
Active
APN
010109327051
Size
1,759 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 84 FT LOTS 7 & 8 BLOCK 30 ORIG PLAT
Tax Annual Amount
4301
Legal Description
W 84 FT LOTS 7 & 8 BLOCK 30 ORIG PLAT
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Amenities
three overhead doors
large front windows
two vehicle lifts
Building Details
Year built
1935
Floors in Building
1
Number of units
1
Listing Agency:
eXp Realty, LLC
(888) 501-7085
Listed By:
Narmeen Shango
(517) 862-1964
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 25 at 6:06PM
MLS# 26042104
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone automotive building contains 1,759 square feet on a 0.26-acre parcel at 226 W Cesar E Chavez Avenue in Lansing. The service-oriented layout includes three overhead doors, two new vehicle lifts, a bathroom, and a work area set behind large front windows. Forced-air heating and natural gas availability support the building’s operating infrastructure, while the 1935 construction date provides an established commercial footprint.
The configuration supports automotive-focused operations such as repair, detailing, and tire service. Vehicle access is provided through the overhead doors, and the front glazing brings natural light into the service area. The property is located in Lansing, within Ingham County, and carries a 48906 postal code.
The configuration supports automotive-focused operations such as repair, detailing, and tire service. Vehicle access is provided through the overhead doors, and the front glazing brings natural light into the service area. The property is located in Lansing, within Ingham County, and carries a 48906 postal code.
Key Highlights
- 1,759‑square‑foot automotive building on 0.26 acres
- Three overhead doors provide vehicle access
- Two new vehicle lifts included in the service area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,921
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,420
$318.4K
Cap Rate 7%
$227,443
$227.4K
Cap Rate 9%
$176,900
$176.9K
Market Conditions
NOI Build-Up for 1,759 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $15.00/SF
− Vacancy
−$3.6K −$2.07/SF
EGI
$22.7K $12.93/SF
− OpEx
−$6.8K −$3.88/SF
NOI
$15.9K $9.05/SF
Area
Lansing, MI
Vacancy
13.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,420
Cap Rate 7%
$227,443
Cap Rate 9%
$176,900
Alternative Uses
Best Use
Retail
$227.4K
$199.0K – $265.4K
NOI $15,921 @ 7.0% cap · market cap 7.96%
Second Best
Industrial
$163.3K
$142.9K – $190.5K
NOI $11,429 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$362.1K
$316.8K – $422.4K
NOI $25,345 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Standalone automotive building with service improvements, overhead access, and natural-gas availability.
Where is this auto shop located?
The property is located at 226 W Cesar E Chavez Avenue Lansing, MI.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 1,759‑square‑foot automotive building on 0.26 acres; Three overhead doors provide vehicle access; Two new vehicle lifts included in the service area
