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    2509 Eaton Rapids Rd Lansing, MI 48911

    Sponsored
    For Sale
    $224,900

    Turn-key auto dealership, high traffic location.

    Property size:
    672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 672 square foot Class B retail property, located at 2509 Eaton Rapids Rd, Lansing, MI 48911, is a single-unit auto dealership currently operating at 100% occupancy. The asking price is $224,900, translating to $334.67 per square foot. Situated on a 0.42-acre lot, this property boasts a prime location with high traffic volume due to its proximity to I-96. Built in 1956 and renovated in 2012, the single-story building features a recently installed steel roof, updated electrical and plumbing systems, new drywall and flooring, and energy-efficient LED lighting throughout. The garage is heated by natural gas. The property includes an ADA-accessible entrance and bathroom, and all work was permitted through Delhi Charter Township. The property utilizes city sewer and well water. Currently licensed as an automotive sales lot by the State of Michigan, this property presents a fantastic opportunity for a small business or start-up. The property is zoned COMMERCIAL and is offered as a NNN lease with no remaining lease term.

    Property Features for 2509 Eaton Rapids Rd

    General Information

    Property type
    Retail properties
    Square Feet
    672 SF
    Class
    B
    Lot Size
    18,295 SF

    Building Details

    Year Built/Renovated
    1956/2012
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $224,900 asking price for this Class B retail auto dealership.
    • 672 square feet on a 0.42‑acre lot in Lansing, MI.
    • NNN lease, currently 100% occupied, single‑tenant building.
    • Built in 1956, renovated in 2012, featuring a recently installed steel roof and updated interior.
    • Located on Eaton Rapids Rd, with high traffic counts due to proximity to I‑96.
    • Includes ADA‑accessible features and heated garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.6017705
    Latitude
    42.6549903

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    FAQs

    What type of property is this?
    Retail property - Turn-key auto dealership, high traffic location.
    Where is this retail property located?
    The property is located at 2509 Eaton Rapids Rd Lansing, MI.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: $224,900 asking price for this Class B retail auto dealership.; 672 square feet on a 0.42-acre lot in Lansing, MI.; NNN lease, currently 100% occupied, single-tenant building.
    (517) 285-3017
    Request Owner's contact information
    2509 Eaton Rapids Rd Lansing, MI 48911
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    Lansing, MI 48911
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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
    2509 Eaton Rapids Rd Lansing, MI 48911
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