Freestanding Retail Building with
223 N Clippert Street Lansing, MI 48912
223 N Clippert Street, Lansing, MI, 48912
$950,000
For Sale
$950,000
COMMERCIAL - Lansing, MI
Property Size4,054 SF
Lot Size1.11 Acres
Price / SF$234.34
Days on Market47
Property Features for 223 N Clippert Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 33-01-01-14-256-022
- Size
- 4,054 SF
- Lot size
- 1.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 47 THRU 51 AND 79 THRU 81 INCL, ALSO VACATED ALLEY COM NW COR LOT 47, TH S 180 FT, W 18.9 FT, N 144 FT, E 9.45 FT,
- Tax Annual Amount
- 22739
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing Agency
NAI Wisinski of West Michigan
(269) 353-0311
650 Trade Centre Way, Ste 130, Kalamazoo, MI
Listed by
Jodi K Milks · License #6502339107
(269) 353-0311
Added: Jun 2 Checked: Jul 18 at 2:06 am
MLS# 26026446
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.
Freestanding 4,054 SF retail building offered for sale on 1.11 acres in the City of Lansing, including an additional 2,000 SF drive-thru. The property was formerly operated as a bank branch and is configured to support customer-facing use with drive-thru functionality already in place. Zoned MX-2 Mixed-Use Community Center, it presents an adaptable option for professional, medical, or service-oriented businesses looking for an established footprint.
Located at 223 N Clippert Street near Michigan Avenue, the site sits on a high-traffic commercial corridor with surrounding retail, dining, and service-oriented businesses. The property’s position provides strong visibility and signage exposure to US-127, with convenient access throughout the Lansing market.
This offering is particularly well suited for operators who want a visible, drive-thru-capable location without starting from scratch. With existing drive-thru infrastructure and flexible zoning, the building may appeal to professional office, medical, or other service users seeking both street presence and straightforward customer access. Availability is September 2026, and tours can be scheduled through the listing team.
Located at 223 N Clippert Street near Michigan Avenue, the site sits on a high-traffic commercial corridor with surrounding retail, dining, and service-oriented businesses. The property’s position provides strong visibility and signage exposure to US-127, with convenient access throughout the Lansing market.
This offering is particularly well suited for operators who want a visible, drive-thru-capable location without starting from scratch. With existing drive-thru infrastructure and flexible zoning, the building may appeal to professional office, medical, or other service users seeking both street presence and straightforward customer access. Availability is September 2026, and tours can be scheduled through the listing team.
Key Highlights
- 4,054 SF freestanding retail building plus a 2,000 SF drive‑thru on 1.11 acres in the City of Lansing
- Former bank branch building suitable for professional office, medical, or service‑oriented users with existing drive‑thru infrastructure
- Zoned MX‑2 Mixed‑Use Community Center
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.7k | $16.20 |
| − Vacancy | −$7.9k | −$1.94 |
| EGI | $57.8k | $14.26 |
| − OpEx | −$14.4k | −$3.56 |
| NOI | $43.3k | $10.69 |
4,054 SF · lease $16.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 4.56%
Second Best
Healthcare Medical
$613.8K
$537.1K – $716.1K
NOI $42,966 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$834.5K
$730.2K – $973.6K
NOI $58,414 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank
Bank
Comerica Bank - ATM
Investment Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding retail building with added drive-thru infrastructure on a highly visible commercial corridor in Lansing.
Where is this bank located?
The property is located at 223 N Clippert Street Lansing, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,054 SF freestanding retail building plus a 2,000 SF drive‑thru on 1.11 acres in the City of Lansing; Former bank branch building suitable for professional office, medical, or service‑oriented users with existing drive‑thru infrastructure; Zoned MX‑2 Mixed‑Use Community Center
