Property profile

1322 Michigan Ave Lansing, MI 48912

OFF-MARKET
Specialty properties
Property ID
US43-1763249
7,786 SF 3.16 ac lot Built 2000
Individually Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 2000
Total area 7,786 SF
Lot 3.16 ac (137,650 SF)
Zoning code MIXED Z
APN 33-01-01-15-401-003
UPID US43-1763249

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Physician

Location

1322 Michigan Ave Lansing, MI 48912-2199
Lansing metro Census 6500 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$659k
Blend (final) Blend
$510k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

Zoning & alternative use

MIXED Z · Lansing, MI
Top alternative use upside
Auto repair, garage $735,000 +56.3%
Restaurant $675,000 +43.6%
Retail stores $610,000 +30.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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