Financial
Distress signals
Property profile

2120 S Washington Ave Lansing, MI 48910

FOR SALE
Manufacturing properties
Property ID
US43-0468885
443,540 SF 9.59 ac lot Built 1915
Last sale Sep 2021 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2120 S Washington Ave, Lansing, MI 48910 For Sale
Contact for pricing 443,540 SF
2120 S Washington Ave, Lansing, MI 48910
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Property summary

AI-generated overview

The property located at 2120 South Washington Avenue, Lansing, MI 48910 is a warehouse and distribution facility. It is classified as an industrial warehouse/distribution center, configured to support warehousing and distribution uses. The provided information does not include further building details such as total size, interior layout, loading dock or door configuration, office build-out, utility systems, or site improvements.

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 · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value · 2024$509k
Assessed land$65k
Assessed improvement$444k
Effective rate6.60%

Value estimate

· Sep 2026
$1.99M
$1.79M – $2.19M
AI approach$1.99M
NOI build-up
Gross scheduled income$1.18M
Vacancy & credit loss−$106k
Operating expenses−$323k
NOI · 21.66% cap applied$754k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$63/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$28 – $105

Cap rate analysis

How does the asset earn?
21.66%
$754k 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?
I HVY
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 agency50.4
Restaurant43.1
Dental Office36.1

Location

2120 S Washington Ave Lansing, MI 48910
County assessor Recorded deeds · 3 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

2 recorded sales · 16 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2902 Cedar, Lansing, MI 48910-3033 $206,000 Nov 2021 1,800 SF
1400 Washington, Lansing, MI 48910-1655 $625,000 Apr 2021 30,787 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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