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Property profile & analytics

2650 Michigan Ave Lansing, MI 48912

  • Commercial real estate
  • 2,689 SF
  • 0.44 lot acres
Value Estimation
Last Sale
Sep 15, 2022
Location Intelligence
Property ID
US43-0050868
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

  • Commercial real estate

Property Details for 2650 Michigan Ave

Year built
1959
Lot size
0.44 lot acres
Property size
2,689 SF
Zone code
F COMME
Property type
Commercial real estate
APN
33-21-01-14-330-021
APU
33210114330021

Description

This prime 0.44-acre commercial land parcel in Lansing, Michigan, boasts 200 feet of frontage on East Michigan Avenue, a major thoroughfare connecting the state Capitol to Michigan State University. Its strategic location places it within blocks of the Frandor Shopping Center and numerous recently constructed multi-family and student housing complexes, ensuring high traffic and visibility. The property benefits from convenient highway access to I-496 and US-127, enhancing its accessibility and appeal. Positioned across from a Chevrolet dealership and surrounded by a vibrant mix of local restaurants, bars, and entertainment venues, this site presents a unique opportunity for developers and investors seeking high-impact commercial development. The property is zoned F-Commercial (APN: 33-21-01-14-330-021) and is offered at $459,000. This exceptional location offers unparalleled exposure and proximity to a thriving community, making it an ideal site for a variety of commercial ventures. The surrounding area is characterized by a mix of residential, commercial, and institutional uses, creating a dynamic and diverse environment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $245,000
  • CAP approach

    CAP return
    Estimation
    6%
    $360,000
    6.5%
    $345,000
    7%
    $320,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $300,000
    Geo Method
    $355,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $385,000
    Retail
    $385,000
    Mixed-Use
    $325,000
    Hospitality
    $325,000
    Educational
    $315,000
    Residential Income
    $365,000
    Energy
    $375,000
    Income-Based Land
    $365,000
    Food Service
    $355,000

Location Insight

  • Map
  • Local Demand
City
Lansing
County
Ingham
State
Michigan
Longitude
-84.5143
Latitude
42.7332
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
2022
$4,772
$55,000
$6,300
$61,300
-
$110,000
$12,600
$122,600
More about this property
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