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    16991 S Us Highway 27 Lansing, MI 48906

    For Sale
    $650,000

    Well-maintained 7-unit retail plaza with diverse tenant mix.

    Lot size:
    1.11 Acres

    Property Features for 16991 S Us Highway 27

    General Information

    Lot size
    1.11 Acres

    Building Details

    Year built
    1958

    Source: Keller Williams Legacy Agent Mohamed Alshubi

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

    Overview

    Lansing Retail Plaza Investment Opportunity

    This well-maintained 7-unit retail plaza is located on the highly visible Old U.S. 27 corridor in Lansing, Michigan, and presents a prime investment opportunity. The property features a diverse tenant mix, including retail, food service, electrical, and storage businesses. The property generates a strong monthly rental income and includes one vacant 1,200 square foot storage unit, offering significant upside potential for investors seeking stable cash flow and value-add opportunities. Recently completed facade and site improvements enhance the curb appeal and functionality of the property, making it an attractive option for tenants and investors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.542049
    Latitude
    42.76999

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    FAQs

    What type of property is this?
    Strip mall - Well-maintained 7-unit retail plaza with diverse tenant mix.
    Where is this strip mall located?
    The property is located at 16991 S Us Highway 27 Lansing, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime investment opportunity in Lansing, Michigan.; - Strong monthly rental income from diverse tenant mix.; - Located on highly visible Old U.S. 27 corridor.
    (313) 770-1175
    Request Owner's contact information
    16991 S Us Highway 27 Lansing, MI 48906
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    Lansing, MI 48906
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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
    16991 S Us Highway 27 Lansing, MI 48906
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