Financial
Distress signals
Property profile

4021 West Michigan Ave Lansing, MI 48917

FOR SALE
Office buildings
Property ID
US43-5154553
5,766 SF 0.37 ac lot Built 1974
Last sale Jan 2024 · $20,513
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 4021 W Michigan Ave in Delta Township (Lansing, MI 48917) is a two-story office building with 5,766 square feet of space on a 0.368-acre lot. The building is situated on Michigan Avenue, west of Waverly Rd and north of I-496, and is served by a front parking lot with two driveway access points and two entrances that support division into separate suites. The first floor includes six bathrooms, and the second floor has two bathrooms. The site is positioned along a commercial

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Sep 2026
$695k
$626k – $765k
Submarket $/SF estimate$715k
NOI build-up
Gross scheduled income$93k
Vacancy & credit loss−$19k
Operating expenses−$19k
NOI · 19.30% cap applied$56k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$124/SF
ZIP average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$48 – $195
Qualifying comparables4

Cap rate analysis

How does the asset earn?
19.30%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NONE
JurisdictionEATON

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 agency17.5
Parking Facility13.4
Kitchen & Bath12.7

Location

4021 West Michigan Ave Lansing, MI 48917
County assessor · not on file Recorded deeds · 5 transfers 4 qualifying comp sales 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7619 Northport, Lansing, MI 48917-9516 $375,000 Apr 2025 6,711 SF
3300 Main, Lansing, MI 48917-4383 $1,000,000 Jul 2023 5,346 SF
722 Creyts, Lansing, MI 48917-8608 $48,000 Jan 2023 4,900 SF
7718 Northport, Lansing, MI 48917-8541 $385,000 Nov 2022 6,175 SF
3225 Saint Joseph, Lansing, MI 48917-3707 $250,000 Sep 2022 6,791 SF
3911 Michigan, Lansing, MI 48917-2806 $230,000 Sep 2022 5,250 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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