Property profile

0 Grove Rd Lansing, MI 48906

OFF-MARKET
Land
30 ac lot
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Property summary

AI-generated overview

This exceptional 30-acre parcel presents a unique investment opportunity in Lansing, Michigan. Located on Grove Rd, this property boasts 965 feet of road frontage and is zoned for agricultural and residential uses, offering considerable flexibility for development. The property's APN is 150-025-300-015-00. Its convenient location provides easy access to major highways and is within minutes of the Lansing Regional Airport, enhancing its appeal for various projects. The asking price for this expansive land is $480,000. This site is particularly well-suited for development projects, including but not limited to residential subdivisions or solar energy installations. Furthermore, an additional 20 acres of adjoining land to the north are also available for purchase, presenting a potential for significant expansion. The property is situated in Clinton County, Michigan, with a zip code of 48906. This prime location and versatile zoning make this a compelling opportunity for investors seeking a substantial land holding with high development potential in a rapidly growing area. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 30 ac (1,306,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Grove Rd Lansing, MI 48906
Lansing metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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