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    505 W Allegan St. Lansing, MI 48933 Lansing, MI 48933

    • Commercial land
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 505 W Allegan St. Lansing, MI 48933

    Property type
    Commercial land
    Property subtype
    Land

    Description

    Prime Downtown Location, diagonal from State Capitol. Build to Suit This site is located on 3.5 acres allowing a perfect space for a new build. This prime business location shares street corners with the State Capitol, one block from the Michigan Historical Center and Cooley Law School, and minutes from I-496 and I-96.

    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
    State
    Michigan
    Longitude
    -84.5635
    Latitude
    42.7326

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Pine St

      Land • 0.15 Acres
      0 Pine St, Lansing, MI 48933
      View Details
    • Value Estimation by Request
      0.08 Acres

      411 Ionia St

      Land • 0.08 Acres
      411 Ionia St, Lansing, MI 48933
      View Details
    • Value Estimation by Request
      0.88 Acres

      548 William St

      INDUSTRIAL - VACANT LAND • 0.88 Acres
      548 William St, Lansing, MI 48933
      View Details
    • Value Estimation by Request
      2.63 Acres

      William St

      INDUSTRIAL - VACANT LAND • 2.63 Acres
      William St, Lansing, MI 48933
      View Details
    • Value Estimation by Request
      2.27 Acres

      8 Shiawassee St

      INDUSTRIAL - VACANT LAND • 2.27 Acres
      8 Shiawassee St, Lansing, MI 48933
      View Details
    • Value Estimation by Request
      0.01 Acres

      39 Michigan Ave

      INDUSTRIAL - VACANT LAND • 0.01 Acres
      39 Michigan Ave, Lansing, MI 48933-1370
      View Details

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    Lansing, MI 48933
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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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