Property profile

0 St. Joseph Hwy Lansing, MI 48917

OFF-MARKET
Land
71.86 ac lot
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Property summary

AI-generated overview

This exceptional 71.86-acre parcel of land presents a remarkable opportunity for residential development in Lansing, Michigan. Located on West St. Joseph Highway, the property boasts a convenient location with excellent access to major roadways. The land is zoned RB - Low Density Residential, offering flexibility for various residential projects. With a total asking price of $7,186,000, the price per acre is $100,000, representing a strong value proposition for developers. The expansive lot size allows for the creation of a substantial residential community, potentially including single-family homes, multi-family dwellings, or senior living facilities. The property's location and zoning make it suitable for a range of residential development options, including mixed-use projects. The Assessor's Parcel Number (APN) is 040-014-300-021-00. This is a rare opportunity to acquire a large, well-situated tract of land in a growing area of Eaton County, Michigan, with a zip code of 48917. The latitude and longitude coordinates are 42.7265402 and -84.657166 respectively. This property is ideal for developers seeking a significant land acquisition for a substantial residential project.

Property profile

Verified
Property type Land
Lot 71.86 ac (3,130,222 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

St. Joseph Hwy Lansing, MI 48917
Lansing metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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