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    St. Joseph Hwy Lansing, MI 48917

    Sponsored
    For Sale
    $7,186,000

    Prime Lansing development land, 71.86 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 0 St. Joseph Hwy

    General Information

    Property type
    Land
    Lot Size
    3,130,222 SF

    HighLights

    • $7,186,000 asking price.
    • 71.86 acres of vacant land.
    • RB - Low Density Residential zoning.
    • $100,000 per acre land value.
    • Located in Lansing, MI, Eaton County, 48917.
    • APN: 040‑014‑300‑021‑00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.657166
    Latitude
    42.7265402

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    FAQs

    What type of property is this?
    Land - Prime Lansing development land, 71.86 acres.
    Where is this land located?
    The property is located at St. Joseph Hwy Lansing, MI.
    What is the asking price?
    The asking price for this property is $7,186,000.
    What are key features of this property?
    This property features: $7,186,000 asking price.; 71.86 acres of vacant land.; RB - Low Density Residential zoning.
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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
    St. Joseph Hwy Lansing, MI 48917
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