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    Property profile & analytics

    1415 Michigan Ave East Lansing, MI 48823-4025

    • Retail space
    • 3,548 SF
    • 4.68 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Last Sale
    Mar 15, 2021
    Location Intelligence
    Property ID
    US43-1222245
    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

    • Sparrow Parking Lot / Parking Lot
    • Ascend Cannabis - East Lansing (Delivery Available!) / Cannabis Store
    • Ascend Cannabis Provisions - East Lansing / Cannabis Store
    • Tino's Tasty Treats Ice Cream / Ice Cream Shop

    Property Details for 1415 Michigan Ave

    Year built
    1996
    Lot size
    4.68 lot acres
    Property size
    3,548 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    33-20-01-13-300-007
    APU
    33200113300007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $750,000
      6.5%
      $625,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $770,000
      Mixed-Use
      $645,000
      Hospitality
      $760,000
      Educational
      $750,000
      Residential Income
      $595,000
      Energy
      $740,000
      Income-Based Land
      $770,000
      Food Service
      $610,000

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5028
    Latitude
    42.7325
    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
    $53,801
    $814,900
    $96,000
    $910,900
    -
    $1,629,800
    $192,000
    $1,821,800

    Comparable in this City

    • Value Estimation by Request
      2,916 SF

      307 Grand Riv Ave, Unit 15

      RETAIL STORES (PERSONAL SERVICES) • 2,916 SF
      307 Grand Riv Ave, East Lansing, MI 48823-4324
      View Details
    • Value Estimation by Request
      35,784 SF

      2756 Grand Riv Ave

      STORE, RETAIL OUTLET • 35,784 SF
      2756 Grand Riv Ave, East Lansing, MI 48823-4765
      View Details
    • Value Estimation by Request
      1,995 SF

      1047 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,995 SF
      1047 Grand Riv Ave, East Lansing, MI 48823-4526
      View Details
    • Value Estimation by Request
      3,875 SF

      950 Trowbridge Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,875 SF
      950 Trowbridge Rd, East Lansing, MI 48823-5218
      View Details
    • Value Estimation by Request
      2,688 SF

      313 Grand Riv Ave, Unit 17

      RETAIL STORES (PERSONAL SERVICES) • 2,688 SF
      313 Grand Riv Ave, East Lansing, MI 48823-4324
      View Details
    • Value Estimation
      $460,000
      6,154 SF

      301 Grand Riv Ave, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 6,154 SF
      301 Grand Riv Ave, East Lansing, MI 48823-4324
      View Details

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    1415 Michigan Ave
    East Lansing, MI 48823-4025
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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