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    106 Allegan St Lansing, MI 48933

    • Office buildings
    • 92,790 SF
    • 0.34 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US43-1507024
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RWC Advocacy / Attorney
    • Michigan Commission on Law Enforcement Standards / Government Office
    • Michigan Chapter - American Academy of Pediatrics / Association Or Organization
    • Michigan Council for Maternal and Child Health / Non-Profit Organization
    • Deloitte / Business Management Consultant / Tax Preparation Service

    Property Details for 106 Allegan St

    Year built
    1900
    Lot size
    0.34 lot acres
    Property size
    92,790 SF
    Property type
    Office buildings
    APN
    33-01-01-16-325-031
    APU
    33010116325031

    Description

    The Hollister Building at 106 W. Allegan Street offers a prime retail opportunity in a high-traffic location. This multi-tenant building boasts a total of 93,000 square feet, with 1,485 square feet currently available for lease. The space is street-level, ensuring excellent visibility and pedestrian access. Ideal for a variety of retail or service businesses, the minimum leasable space is 1,035 square feet, while the maximum contiguous space available is 1,485 square feet. The building's strategic location benefits from a significant workforce within a three-mile radius, exceeding 96,000 employees. This presents a unique chance to tap into a large consumer base. The property is well-suited for businesses seeking high visibility and convenient access for customers. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. This is an exceptional opportunity to establish a thriving business in a vibrant and densely populated area. The building's strong location and ample square footage make it an attractive option for businesses looking to expand or establish a new presence. Serious inquiries are encouraged to explore this exceptional retail space.

    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
    -84.5531
    Latitude
    42.7329
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $120,507
    $74,500
    $3,478,800
    $3,553,300
    -
    $149,000
    $6,957,600
    $7,106,600

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      214 Shiawassee St

      OFFICE BUILDING • 17,364 SF
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    106 Allegan St
    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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