Financial
Distress signals
Property profile

1245 N Larch St Lansing, MI 48906

FOR SALE
Other commercial real estate
Property ID
US43-1190071
1,061 SF 0.68 ac lot Built 1988
Last sale Sep 2025 · $185,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a 0.68-acre site located along the I-96 Business Loop in Lansing’s Historic “Old Town” Neighborhood. An adjacent 0.76-acre parcel is also available, allowing the combined parcels to form a potential 1.44-acre redevelopment site. The surrounding area includes nearby retail and service businesses such as Speedway, Preuss Pets, The Cosmos, Absolute Gallery, and Capital City Scuba.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$5k
Tax billed · 2020
Assessed value · 2023$44k
Assessed land$44k
Effective rate11.28%

Value estimate

· Sep 2026
$105k
$95k – $116k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$48/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$5 – $90

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
F COMM
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.9
Dental Office19.3
Nail Salon15.8

Location

1245 N Larch St Lansing, MI 48906
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
721 Chilson, Lansing, MI 48906-3318 $250,000 Feb 2026 9,720 SF
1039 Cedar, Lansing, MI 48906-5212 $72,500 Sep 2024 2,107 SF
15832 Us Hwy 27, Lansing, MI 48906 $42,000 Apr 2024 480 SF
3515 Sheffer, Lansing, MI 48906-5803 $475,000 Jan 2022 5,280 SF
15545 Brown, Lansing, MI 48906 $69,900 Sep 2020 1,152 SF
Lansing, MI 48906-2032 $61,000 Oct 2018 1,288 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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