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Property profile & analytics
OFF-MARKET
Commercial land

1300 Lk Lansing Rd East Lansing, MI 48823

1.18 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US43-1652392
Property summary
AI-generated overview

This 1.18-acre commercial land parcel, located at 1300 E Lake Lansing Rd in East Lansing, Michigan (48823), is offered for sale at $299,000. The property, APN 33-20-02-07-214-031, is zoned B-1 and boasts a prime location on a busy thoroughfare, providing excellent visibility and accessibility. Its strategic position offers easy access to major highways I-69 and US-127, ensuring convenient commutes for employees and clients. The site is situated across from the Carriage Hills Shopping Center, benefiting from the high traffic volume and established commercial presence in the area. Surrounded by residential neighborhoods and businesses, and near two East Lansing elementary schools, this location is ideal for a variety of office uses, including medical offices, law firms, insurance agencies, or general office spaces. The property's ample space allows for approximately 25 parking spots, addressing the parking needs of a potential development. This is an exceptional opportunity to acquire a well-positioned commercial lot in a thriving East Lansing community. Ingham County location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.18 ac (51,227 SF)
Zoning code B1
APN 33-20-02-07-214-031
UPID US43-1652392
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • MSU Federal Credit Union ATM Credit Union
  • Lake Trust Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Akshar 10 LLC · 5 yrs held
Akshar 10 LLC
since 2021
Last sale
$100,000
5 recorded transactions
2021
$100,000
2016
Price N/A
2011
Price N/A
2009
$25,000
2008
$25,000
Zoning & alternative use
B1 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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