Property profile

1040 Pennsylvania Ave Lansing, MI 48912

OFF-MARKET
Turn key restaurants
Property ID
US43-0943408
2,832 SF 0.41 ac lot Built 1982
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1982
Total area 2,832 SF
Lot 0.41 ac (18,077 SF)
Zoning code J & H
APN 33-01-01-22-107-141
UPID US43-0943408

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
  • Restaurant

Location

1040 Pennsylvania Ave Lansing, MI 48912-1661
Lansing metro Census 2101 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2023
Last sale
$175,000
3 recorded transactions
2023
$175,000
2013
Price N/A
2004
Price N/A

Zoning & alternative use

J & H · Lansing, MI

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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