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    2909 Martin Luther King Jr Blvd Lansing, MI 48910

    Sponsored
    For Sale
    $150,000

    Two buildings, high-traffic location, versatile space.

    Property size:
    4,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent parcels totaling 6,707 square feet situated on a 0.43-acre lot in Lansing, Michigan's bustling industrial zone. The main building, located at 2909 S. MLK Jr Blvd, boasts 4,050 square feet of space, constructed in 1948. This sturdy structure features steel framing, concrete block walls, and ample power with 480 3-phase bus duct power. Inside, you'll find four restrooms (two on the main floor and two upstairs) and an overhead door at the rear, enhancing functionality and accessibility. The building has served as a machine shop for many years, offering a solid foundation for a variety of commercial or office uses. The adjacent property, at 2915 1/2 S. MLK Jr Blvd, comprises 2,657 square feet of concrete block construction. While the roof requires attention, this building also benefits from 480 3-phase power, presenting further development potential. Both properties are zoned H - Light Industrial, providing flexibility for diverse business ventures. The location on S. MLK Jr Blvd, between Mt. Hope Avenue and Holmes Road, ensures high visibility and convenient access to major transportation routes. The asking price for this combined property is $150,000, representing a compelling opportunity in a prime industrial area. The Ingham County location, with APN numbers 33-01-01-29-426-021 and 33-01-01-29-426-039, offers further identification and verification.

    Property Features for 2909 Martin Luther King Jr Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,050 SF
    Class
    C
    Lot Size
    18,818 SF

    Building Details

    Year Built
    1948
    Buildings
    2

    HighLights

    • H‑Light Industrial zoning allows for flexible use.
    • High‑traffic Lansing, MI industrial location.
    • 6,707 SF total on a 0.43‑acre lot, ideal for office or commercial use.
    • 4,050 SF main building (2909 S. MLK Jr Blvd) features steel frame, concrete block construction, and 480 3‑phase bus duct power.
    • Main building includes four restrooms and a rear overhead door.
    • Adjacent 2,657 SF building (2915 1/2 S. MLK Jr Blvd) is concrete block construction with 480 3‑phase power; roof requires repair.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phillips Brothers Screw ... Machine Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.567302222736
    Latitude
    42.703610029601

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    FAQs

    What type of property is this?
    Office Property / Space - Two buildings, high-traffic location, versatile space.
    Where is this office property / space located?
    The property is located at 2909 Martin Luther King Jr Blvd Lansing, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: H-Light Industrial zoning allows for flexible use.; High-traffic Lansing, MI industrial location.; 6,707 SF total on a 0.43-acre lot, ideal for office or commercial use.
    (517) 599-6846
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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
    2909 Martin Luther King Jr Blvd Lansing, MI 48910
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