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    835 Genesee St Lansing, MI 48915

    Sponsored
    For Sale
    $339,000

    Prime Lansing location, 23,590 SF, 36+ unit potential.

    Property size:
    23,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.166-acre property at 835 W Genesee St in Lansing, Michigan, presents a unique redevelopment opportunity. The former Genesee Elementary School building offers a substantial 23,590 square feet of space, currently zoned Commercial-Improved, allowing for a wide range of development possibilities. The property's location in downtown Lansing offers excellent visibility and accessibility, with the added benefit of proximity to the main campus of Lansing Community College. The existing structure, while requiring renovation or repurposing, provides a solid foundation for a significant project. Preliminary assessments suggest the potential for the creation of 34 to 36 residential or commercial units, making this a highly attractive investment for developers seeking a substantial project in a thriving urban setting. The property's size and zoning provide flexibility for various development plans, catering to a diverse range of potential uses. With its strategic location and considerable square footage, this property represents a compelling investment opportunity in a dynamic and growing Michigan city. The 48915 zip code offers access to a vibrant community and established infrastructure. This is a rare chance to acquire a large-scale property with significant development potential in a desirable location.

    Property Features for 835 Genesee St

    General Information

    Property type
    Schools
    Square Feet
    23,590 SF
    Lot Size
    94,351 SF

    Building Details

    Units
    36

    HighLights

    • Exceptional 34‑36 unit development potential.
    • 2.166‑acre site.
    • Former school building.
    • Prime downtown Lansing location.
    • Adjacent to Lansing Community College.
    • Commercial‑Improved zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5640651
    Latitude
    42.7383139

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    FAQs

    What type of property is this?
    School - Prime Lansing location, 23,590 SF, 36+ unit potential.
    Where is this school located?
    The property is located at 835 Genesee St Lansing, MI.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Exceptional 34-36 unit development potential.; 2.166-acre site.; Former school building.
    Request Owner's contact information
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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
    835 Genesee St Lansing, MI 48915
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