Realmo Analytics

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Financial
Distress signals
Property profile

1438 Michigan Ave Lansing, MI 48912

OFF-MARKET
Office buildings
Property ID
US43-4901319
5,828 SF 0.37 ac lot Built 1962
Last sale Sep 2023 · $485,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Debts

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?
$16k
Tax billed · 2020
Assessed value · 2023$185k
Assessed land$56k
Assessed improvement$129k
Effective rate8.61%

Value estimate

· Oct 2026
$455k
$410k – $501k
AI approach$460k

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

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$46 – $130
Qualifying comparables4

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-1 COM
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop9.9
Daycare Center9.8
HVAC Service9.2

Location

1438 Michigan Ave Lansing, MI 48912-2247
County assessor 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
416 Cedar, Lansing, MI 48912-1202 $1,100,000 Jul 2025 15,463 SF
1701 Lk Lansing, Lansing, MI 48912-3798 $1,750,000 Sep 2023 11,944 SF
2820 Covington, Lansing, MI 48912-4810 $129,900 Nov 2021 1,558 SF
920 Fairview, Lansing, MI 48912-3238 $650,000 Aug 2021 18,272 SF
2213 Grand Riv, Lansing, MI 48912-3200 $900,000 Dec 2020 6,304 SF
203 Clippert, Lansing, MI 48912-4601 $850,000 Aug 2019 3,600 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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