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Property profile & analytics
OFF-MARKET
Land

Lansing MI Washington Ave Lansing, MI 48911

11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 11-acre parcel presents a compelling investment opportunity in Lansing, Michigan. Located at the northeast quadrant of West Miller Road and South Washington Avenue, this property is currently zoned R-2, permitting single-family residential development. However, its size and location offer significant potential for rezoning to accommodate multi-family residential construction, capitalizing on the strong local demographics. The site is situated in a largely residential area, approximately one mile north of a major highway, providing convenient access and high visibility. The high traffic volume of over 44,000 vehicles daily along the nearby I-96 further enhances the property's desirability and potential for development. The asking price for this expansive land parcel is $299,000. Detailed zoning information and potential rezoning possibilities are available upon request. This is a rare opportunity to acquire a substantial tract of land in a thriving Lansing neighborhood with excellent potential for significant returns. The property's address is W Miller Rd @ S Washington Ave, Lansing, MI 48911, within Ingham County.

Property profile
Verified
Property type Land
Lot 11 ac (479,160 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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