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    Property profile & analytics

    00000 Lansing, MI 48911

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 00000

    Property type
    Commercial real estate

    Description

    This exceptional opportunity allows the acquisition of a fully transferable Michigan cannabis retailer license for $700,000. Currently located in Lansing, Ingham County, MI (zip code 48911), this license is being sold for relocation to a new, buyer-selected location within the Lansing city limits. This represents a significant cost savings compared to establishing a new retail operation from scratch, eliminating the lengthy and often expensive licensing process. The license transfer includes the added benefit of securing a consumption lounge permit, contingent upon the chosen location's compliance with Lansing city ordinances. This is a business-only sale

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5555
    Latitude
    42.7326

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      4132 Pne Tree Ln

      COMMERCIAL (GENERAL) • 1.52 Acres
      4132 Pne Tree Ln, Lansing, MI 48911-1100
      View Details
    • Value Estimation by Request
      0.51 Acres

      5640 Waverly Rd

      COMMERCIAL (GENERAL) • 0.51 Acres
      5640 Waverly Rd, Lansing, MI 48911-4313
      View Details
    • Value Estimation by Request
      4.70 Acres

      5640 Waverly Rd

      COMMERCIAL (GENERAL) • 4.70 Acres
      5640 Waverly Rd, Lansing, MI 48911-4313
      View Details
    • Value Estimation by Request
      2.07 Acres

      3410 Waverly Rd

      COMMERCIAL (GENERAL) • 2.07 Acres
      3410 Waverly Rd, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      176 SF

      820 Conrad St

      COMMERCIAL (GENERAL) • 176 SF
      820 Conrad St, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      10,332 SF

      Lansing, MI 48911

      COMMERCIAL (GENERAL) • 10,332 SF
      Lansing, MI 48911
      View Details

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    Similar Nearby for Lease

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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
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