Property profile

610 Cesar E Chavez Ave Lansing, MI 48906

OFF-MARKET
Office Spaces
5,622 SF 0.5 ac lot
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Property summary

AI-generated overview

This single-story, 5,622 square foot executive office building is situated on a 0.504-acre lot in Lansing, Michigan's vibrant Old Town district (APN: 33-01-01-09-428-002). The building, classified as Class C, offers a unique opportunity for investors. Its corner location on E. Cesar E. Chavez Ave provides exceptional visibility and accessibility. The property features convenient asphalt parking and a partial basement. An attached storage area adds approximately 1,250 square feet of usable space. The building's adaptable design allows for easy conversion to multiple uses, catering to a variety of business needs. Its strategic location places it within walking distance of a diverse mix of retail shops, restaurants, taverns, apartments, and other offices. The 2024 State Equalized Value (SEV) is $194,300, and annual property taxes are approximately $8,500. This is a single-tenancy property currently priced at $250,000. The property's high visibility and versatile layout make it an attractive investment opportunity in a thriving urban setting.

Property profile

Verified
Property type Office Spaces
Total area 5,622 SF
Lot 0.5 ac (21,954 SF)

Cap rate & NOI

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

Location

610 Cesar E Chavez Ave Lansing, MI 48906
Lansing metro
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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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