2650 Michigan Ave Lansing, MI 48912
- Commercial real estate
- 2,689 SF
- 0.44 lot acres
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
-
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