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    Property profile & analytics

    2510 Michigan Ave Lansing, MI 48912-4011

    • Warehouses
    • 5,778 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Mar 10, 2025
    $430,000
    Location Intelligence
    Property ID
    US43-0493442
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • UAW Local 602 / Labor Union
    • I.Q. Fitness & Wellness Center / Rehabilitation Center / Wellness Center

    Property Details for 2510 Michigan Ave

    Year built
    1959
    Lot size
    0.29 lot acres
    Property size
    5,778 SF
    Zone code
    F COMM
    Property type
    Warehouses
    APN
    33-01-01-14-327-462
    APU
    33010114327462

    Description

    This exceptional 5,778 square foot retail property, located at 2510 E Michigan Ave in Lansing, Michigan, presents a unique investment opportunity. Currently entirely vacant, this building offers immediate occupancy for a single tenant or the potential for multiple tenants. The property features two suites, with a minimum divisible space of 1,778 square feet and a maximum contiguous space of 4,000 square feet. Built in 1959, the building sits on a sizable 10,835 square foot lot and provides convenient on-site parking for 25 vehicles. Its prime location directly on Michigan Avenue ensures high visibility and accessibility for customers. The property's previous use as a fitness center suggests adaptability for various retail businesses. The building's total square footage is 5,778 square feet, offering significant space for a variety of commercial ventures. Located in Ingham County, with a zip code of 48912, this property benefits from excellent access to major transportation routes and a thriving local community. This is an ideal opportunity for businesses seeking a prominent location with ample space and parking in a busy Lansing commercial corridor. The property is ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $215,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $210,000
      Mixed-Use
      $235,000
      Hospitality
      $190,000
      Educational
      $205,000
      Residential Income
      $200,000
      Energy
      $220,000
      Income-Based Land
      $230,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5158
    Latitude
    42.7333
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $11,724
    $44,000
    $167,300
    $211,300
    -
    $88,000
    $334,600
    $422,600

    Comparable in this City

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      WAREHOUSE, STORAGE • 79,974 SF
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      628 Charles St

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      628 Charles St, Lansing, MI 48912-3804
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    • Value Estimation
      $275,000
      8,010 SF

      237 Pere Marquette Dr

      WAREHOUSE, STORAGE • 8,010 SF
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      View Details

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    2510 Michigan Ave
    Lansing, MI 48912-4011
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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
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