0 Michigan Ave Lansing, MI 48912
This exceptional redevelopment opportunity encompasses three buildings totaling 16,088 square feet situated on a high-visibility corner lot at the intersection of East Michigan Avenue and Marshall Street in Lansing, Michigan. The property, currently vacant, is zoned MX-3, offering significant flexibility for a variety of uses. The asking price is $1,800,000, translating to $111.88 per square foot. Its strategic location near the University of Michigan Health-Sparrow campus, downtown Lansing, US-127, and the Michigan State University campus makes it an attractive investment in a growing corridor. The assemblage presents a unique chance to capitalize on the area's increasing demand for both commercial and residential spaces. The buildings themselves are classified as Class B. This property is ideal for developers seeking a multi-family project or a mixed-use development combining commercial and residential elements. The address is 1703/1717/1723 E. Michigan Ave., Lansing, MI 48912, within Ingham County. This is a rare chance to acquire a substantial property in a thriving area with excellent potential for significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.