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    134 Edgewood Blvd Lansing, MI 48911

    Sponsored
    For Sale
    $2,000,000

    17,700 SF Retail Building, High Traffic Area

    Property size:
    17,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 17,700 square foot retail building, constructed in 2005, is situated on a 1.17-acre lot in Lansing, Michigan, at 134 E. Edgewood Blvd., zip code 48911. The Class B property boasts a two-story structure with 82 parking spaces, making it highly accessible for customers and employees. Its zoning (F-1, Commercial) allows for a wide range of uses. Previously occupied by a fitness center, the building's adaptable layout is ideal for various businesses, including but not limited to fitness centers, event venues, retail stores, or even auto repair shops. The property's strategic location in South Lansing's bustling retail corridor provides excellent visibility and convenient access to major thoroughfares, including proximity to the I-96 interchange. Nearby anchor tenants include Meijer, Target, Menards, and Celebration Cinema, ensuring high foot traffic and brand recognition. A significant advantage is the property's fully entitled recreational cannabis facility status, presenting a unique investment opportunity with the option to purchase an existing license. The asking price is $2,000,000, translating to $112.99 per square foot. This presents a compelling investment opportunity in a thriving commercial area. The single-unit building offers significant potential for a variety of businesses seeking a high-traffic, well-located space.

    Property Features for 134 Edgewood Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    17,700 SF
    Class
    B
    Lot Size
    50,965 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 17,700 SF retail building on a 1.17‑acre lot in Lansing, MI (48911), at 134 E. Edgewood Blvd.
    • Class B, two‑story building with 82 parking spaces.
    • F‑1 Commercial zoning, adaptable layout suitable for various uses (fitness, retail, event space, auto repair).
    • Excellent South Lansing location with high visibility and I‑96 access, near Meijer, Target, Menards, and Celebration Cinema.
    • Fully entitled for recreational cannabis facility; existing license available for purchase.
    • $2,000,000 asking price ($112.99/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Edgewood Wellness Cannabis Store Best Buds Herbal Medicine Store SameDay-FlowerDelivery Flower Delivery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5521142
    Latitude
    42.6611559

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    FAQs

    What type of property is this?
    Individual retail property - 17,700 SF Retail Building, High Traffic Area
    Where is this individual retail property located?
    The property is located at 134 Edgewood Blvd Lansing, MI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 17,700 SF retail building on a 1.17-acre lot in Lansing, MI (48911), at 134 E. Edgewood Blvd.; Class B, two-story building with 82 parking spaces.; F-1 Commercial zoning, adaptable layout suitable for various uses (fitness, retail, event space, auto repair).
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    134 Edgewood Blvd 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
    134 Edgewood Blvd Lansing, MI 48911
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