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    Property profile & analytics

    1198 Harrison Rd East Lansing, MI 48823-5201

    • Grocery and convenience stores
    • 2,765 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US43-1564691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • J & H Family Stores-Trowbridge / Gas Station
    • Marathon Gas / Gas Station

    Property Details for 1198 Harrison Rd

    Year built
    2011
    Lot size
    0.46 lot acres
    Property size
    2,765 SF
    Zone code
    B2
    Property type
    Grocery and convenience stores
    APN
    33-20-01-24-122-009
    APU
    33200124122009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $330,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $265,000
      Mixed-Use
      $285,000
      Hospitality
      $340,000
      Educational
      $315,000
      Residential Income
      $275,000
      Energy
      $300,000
      Income-Based Land
      $345,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4943
    Latitude
    42.7201
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $23,283
    $81,000
    $241,800
    $322,800
    -
    $162,000
    $483,600
    $645,600

    Comparable in this City

    • Value Estimation
      $365,000
      427 SF

      1120 Grand Riv Ave, Unit 3

      GROCERY, SUPERMARKET • 427 SF
      1120 Grand Riv Ave, East Lansing, MI 48823-4642
      View Details
    • Value Estimation
      $1,020,000
      2,567 SF

      2139 Haslett Rd, Unit 40

      CONVENIENCE STORE • 2,567 SF
      2139 Haslett Rd, East Lansing, MI 48823-7738
      View Details
    • Value Estimation by Request
      2,030 SF

      1435 Grand Riv Ave

      GROCERY, SUPERMARKET • 2,030 SF
      1435 Grand Riv Ave, East Lansing, MI 48823-4914
      View Details
    • Value Estimation
      $510,000
      2,480 SF

      1108 Grand Riv Ave, Unit 4

      GROCERY, SUPERMARKET • 2,480 SF
      1108 Grand Riv Ave, East Lansing, MI 48823-4642
      View Details
    • Value Estimation
      $475,000
      2,103 SF

      1831 Grand Riv Ave

      CONVENIENCE STORE • 2,103 SF
      1831 Grand Riv Ave, East Lansing, MI 48823-4908
      View Details
    • Value Estimation
      $525,000
      7,090 SF

      2778 Grand Riv Ave, Unit 24

      GROCERY, SUPERMARKET • 7,090 SF
      2778 Grand Riv Ave, East Lansing, MI 48823-4711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Renovated Retail/Office Space Near Campus

      Turn-key retail or office space near Michigan State campus.
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      East Lansing Restaurant - Turnkey Operation

      Profitable eatery near Michigan State University.
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      Prime 1.08-acre site near MSU
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    Similar Nearby for Lease

    • $15 SF/Yr
      97,582 SF

      Hannah Plaza: East Lansing Retail Space

      Prime East Lansing retail, multiple spaces available.
      4790 Hagadorn Rd, East Lansing, MI 48823
      View Details
    • $30 SF/Yr
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      Prime East Lansing Retail Space

      High-visibility storefront, 1250 sq ft available.
      947 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • $40 SF/Yr
      1,174 SF

      Retail Space Near MSU Campus

      Retail space in a 3-tenant building across from MSU.
      1105 East Grand River Ave, East Lansing, MI 48823
      View Details
    • $14 SF/Yr
      17,904 SF

      Hannah Plaza: East Lansing Retail

      Prime East Lansing retail space, multiple suites available.
      4750 Hagadorn Rd, East Lansing, MI 48823
      View Details
    • $18 SF/Yr

      Retail Space Near Michigan State

      End-cap retail space near Michigan State University campus.
      920 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing
      2,598 SF

      Retail Space Near Michigan State

      Retail space with drive-up window near Michigan State University.
      1034 Trowbridge Rd, East Lansing, MI 48823
      View Details

    Property Visit Statistics

    • Visits by month
      20.2k
    • Visitors by month
      14.4k
    • Avg Time on site
      5 min
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    East Lansing, MI 48823-5201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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