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Property profile & analytics

1306 Michigan Ave, Unit 40 East Lansing, MI 48823-4002

  • Retail space
  • 5,040 SF
  • 0.55 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1386420
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

  • Salt Yoga / Yoga Studio
  • Studio De Danse / Dance School
  • PawSnickety Pet Salon / Pet Groomer

Property Details for 1306 Michigan Ave

Year built
1976
Lot size
0.55 lot acres
Property size
5,040 SF
Zone code
B2
Property type
Retail space
APN
33-20-01-13-113-001
APU
33200113113001

Description

This exceptional 778-square-foot retail space, located at 1306 E Michigan Ave in East Lansing, Michigan, presents a fantastic opportunity for a restaurant operator. Situated on a high-traffic corridor, this single-tenant property enjoys excellent visibility and accessibility. Its prime location offers unparalleled convenience, with close proximity to downtown Lansing, downtown East Lansing, and the Michigan State University campus, including Spartan Stadium, Breslin Center, and the Eli Broad Art Museum. The property benefits from the substantial foot traffic generated by nearby residential complexes, such as the Midtown apartments (66 units) and SkyVue apartments (338 units). Furthermore, its location east of the Frandor Shopping Center places it within easy reach of a wide array of established national retailers and restaurants, creating a vibrant and attractive commercial environment. The entire 778 square feet is currently vacant and ready for immediate occupancy. The property is located in Ingham County, Michigan, with a zip code of 48823. This is an ideal location for a business seeking high visibility and a strong customer base in a thriving community. The property is classified as a retail space, specifically suited for a restaurant.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
East Lansing
County
Ingham
State
Michigan
Longitude
-84.5008
Latitude
42.734
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
$11,043
$96,400
$61,400
$157,800
-
$192,800
$122,800
$315,600
More about this property
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