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    Thomas L Pkwy Lansing, MI 48917

    Sponsored
    For Sale
    Contact for pricing

    Build Your Dream Duplex! Prime Lansing location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional .357-acre vacant residential land parcel presents a remarkable opportunity for development in Lansing, Michigan. Located on Thomas L Parkway East, this property is zoned RM-TWO FAMILY DWELLING, allowing for the construction of a duplex. The parcel's APN is 040-060-500-530-00. Utilities are conveniently located at the street, simplifying the construction process. This is one of two adjacent parcels currently available for sale, offering potential for larger-scale development. The property boasts a highly desirable location, providing easy access to major employers, a wide array of retail options, and numerous restaurants. Its strategic position offers convenient access to major freeways, including I-496, I-69, and I-96, ensuring seamless commutes and connectivity throughout the region. Furthermore, this property falls within the Waverly School District, a significant advantage for families. The asking price for this exceptional development opportunity is $23,450. Don't miss this chance to acquire a prime piece of land in a thriving Lansing neighborhood.

    Property Features for 0 Thomas L Pkwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.6059366
    Latitude
    42.7446072

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    FAQs

    What type of property is this?
    Land - Build Your Dream Duplex! Prime Lansing location.
    Where is this land located?
    The property is located at Thomas L Pkwy Lansing, MI.
    What is the asking price?
    The asking price for this property is $23,450.
    (616) 774-3500
    Request Owner's contact information
    Thomas L Pkwy Lansing, MI 48917
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    Lansing, MI 48917
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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
    Thomas L Pkwy Lansing, MI 48917
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