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    OFF-MARKET
    Churches & religious facilities

    1317 Ballard St, Lansing, MI 48906

    4,585 SF 2.52 ac lot Built 1950
    Property ID
    US43-0867154
    Property summary
    AI-generated overview

    This exceptional 4,585 square foot, two-story brick building sits on a generous 2.52-acre lot in Lansing, Michigan. Built in 1950, the property is currently zoned for commercial use and boasts ample parking. The asking price is $109,900, translating to $23.97 per square foot. The building's previous use as a church currently grants it property tax exemption. However, its versatile design and zoning allow for a multitude of potential uses, including but not limited to parking garage, nursing home, school, educational facility, or home healthcare center. Interested parties are encouraged to verify permitted uses with the city. The property is being sold "as is," and a land contract with negotiable terms is available. All measurements are approximate, and while all information is believed to be reliable, it is not guaranteed. The property is conveniently located minutes from downtown Lansing, at 1317 Ballard St, Lansing, MI 48906.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1950
    Total area 4,585 SF
    Lot 2.52 ac (109,771 SF)
    UPID US43-0867154
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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