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    1616 Perkins St Lansing, MI 48912

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    For Sale
    $75,000

    Retail space in a high-traffic residential area with existing infrastructure.

    Property size:
    1,350 SF

    Property Features for 1616 Perkins St

    General Information

    Size
    1,350 SF

    Source: RE/MAX Agent Matthew Wisniewski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Retail Opportunity in Lansing

    Located on Perkins Street in Lansing, this turnkey retail opportunity is situated in a densely populated residential neighborhood. The 1,350-square-foot main level features an open retail floor plan that has previously housed a grocery store, take-out food business, and other neighborhood retailers. The space includes beverage coolers, a three-compartment sink, and through-the-wall air conditioning. A full basement provides storage, a furnace, and a restroom. An additional bathroom is located upstairs. The roof, consisting of shingles and torch-down membrane, was reportedly replaced ten years ago. Multiple off-street parking spaces are available, along with on-street parking. The location is walkable, with homes, parks, and community amenities nearby. Although zoned residential, this building has grandfathered commercial use. This property is suitable for entrepreneurs seeking a retail presence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paint With Monet Painting Studio

    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
    -84.526514
    Latitude
    42.720899

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail space in a high-traffic residential area with existing infrastructure.
    Where is this grocery and convenience store located?
    The property is located at 1616 Perkins St Lansing, MI.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Turnkey retail space with grandfathered commercial use in a residential neighborhood.; - High foot traffic location suitable for various retail businesses.; - Includes essential equipment: beverage coolers and a three-compartment sink.
    (517) 321-2800
    Request Owner's contact information
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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
    1616 Perkins St Lansing, MI 48912
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