632 Dibble Ave Lansing, MI 48917
- Drug stores
- 5,192 SF
- 1.71 lot acres
Current Use by Public Records
- Coinhub Bitcoin ATM Teller / Atm
- Martin Cobb / Pharmacy
- CDReload - Online Bitcoin ATM / Atm / Crypto Atm
Property Details for 632 Dibble Ave
- Year built
- 1998
- Lot size
- 1.71 lot acres
- Property size
- 5,192 SF
- Zone code
- NONE
- Property type
- Drug stores
- APN
- 040 069 000 067 00
- APU
- 4006900006700
Description
This 5,192 square foot freestanding retail building is situated on a 1.71-acre lot in Lansing, Michigan, at 632 N Dibble. The property is zoned commercial and boasts a convenient drive-thru, making it exceptionally suitable for a variety of uses including food service, retail, medical offices, or restaurants. Its prime location on a busy corridor offers excellent visibility and accessibility. The building benefits from its proximity to a McDonald's, ensuring high traffic flow. Ample parking is available with 28 spaces. The substantial lot size presents significant opportunities for future expansion, catering to the needs of a growing business. This property is ideal for owner-occupiers seeking a strategic location or investors looking for a strong return. The building is currently available for sale, with a lease option also being considered. This versatile property presents a unique opportunity for a variety of businesses seeking a high-traffic location with ample space and expansion potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $375,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $340,000
- Mixed-Use
- $310,000
- Hospitality
- $390,000
- Educational
- $360,000
- Residential Income
- $360,000
- Energy
- $415,000
- Income-Based Land
- $365,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.6048
- Latitude
- 42.7399
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA