1317 Ballard St, Lansing, MI 48906
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.