940 Trowbridge RdEast Lansing, MI 48823

  • Retail properties
  • 26,858 SF
For Lease

Property Details for 940 Trowbridge Rd

Year built
1962
Lot size
4.28 AC
Property size (Sq ft)
26,858 SF
Zone code
B2
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
33-20-01-24-122-022
APU
33200124122022

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,469,867
    6.5%
    $2,279,877
    7%
    $2,117,028
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,330,989
    Geo Method
    $6,330,989
  • Alternative Use

    Use
    Valuation
    Residential
    $1,923,162
    Hospitality
    $1,761,606
    Educational
    $1,465,635
    Medical
    $1,516,041
    Retail
    $2,279,877
940 Trowbridge Rd, East Lansing, Michigan
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Location Insight

City
East Lansing
County
Ingham
State
Michigan
Latitude
42.72
Longitude
-84.4949
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $1,162,400
  • Assessed land value
    $745,800
  • Assessed value
    $1,908,200
  • Tax year
    2022
  • Tax bill
    $139,314

FAQs

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