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    3812 Martin Luther King Jr Blvd Lansing, MI 48910

    Sponsored
    For Lease
    $6 SF/Yr ($2,020 /Mo)

    Equipped banquet building, high traffic area.

    Lot size:
    4,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,040 square foot free-standing retail building, located at 3812 S. Martin Luther King Jr. Blvd in Lansing, Michigan, presents a unique leasing opportunity. Situated in Ingham County, this single-story structure underwent renovations in 2000. The property boasts high visibility and ample parking, benefiting from a 2022 traffic count of 16,036 vehicles per day. Currently configured as a restaurant, the space is fully equipped and includes seating for over 50 guests. The existing layout offers significant potential for use as a banquet facility, adding versatility and appeal to a wide range of potential tenants. The building's single-tenancy setup provides a streamlined and efficient operational environment. This prime location in Lansing, MI, zip code 48910, offers excellent access to a thriving community and significant foot traffic. The property's size and amenities make it an ideal space for a variety of businesses seeking a well-maintained and strategically located commercial property. This is a rare opportunity to secure a well-equipped and highly visible space in a desirable Lansing location.

    Property Features for 3812 Martin Luther King Jr Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,040 SF
    Total Rate
    2020

    Building Details

    Year Renovated
    2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,040 SF
    Rate per SF
    $6
    Property Profile Location Intelligence

    Current Use by Public Records

    Carrie’s Kitchen Soul Food Restaurant Head Quarters Lounge ... Event Venue

    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
    -84.567436918703
    Latitude
    42.693803216382

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    FAQs

    What type of property is this?
    Individual retail property - Equipped banquet building, high traffic area.
    Where is this individual retail property located?
    The property is located at 3812 Martin Luther King Jr Blvd Lansing, MI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    Request Owner's contact information
    3812 Martin Luther King Jr Blvd Lansing, MI 48910
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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
    3812 Martin Luther King Jr Blvd Lansing, MI 48910
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