Property profile

1004 Michigan Ave Lansing, MI 48912

OFF-MARKET
Retail space
Property ID
US43-1064145
11,392 SF Built 1999
Entity Owned Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 11,392 SF
APN 33-01-01-15-326-801
UPID US43-1064145

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Bank Credit Union

Location

1004 Michigan Ave Lansing, MI 48912-1809
Lansing metro Census 6500 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$405k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $995,000 +22.2%
Auto repair, garage $970,000 +19.5%
Medical building $970,000 +19.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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