Property profile

1515 Mt Hope Ave Lansing, MI 48910

OFF-MARKET
Medical Office Space
Property ID
US43-4271453
5,805 SF 0.32 ac lot Built 1954
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Total area 5,805 SF
Lot 0.32 ac (13,809 SF)
Zoning code F COMM
APN 33-01-01-29-126-132
UPID US43-4271453

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
  • Law Firm
  • Theater & Performing Art Venue Music Venue
  • Nail Salon
  • Barber Shop
  • Hair Salon

Location

1515 Mt Hope Ave Lansing, MI 48910-2664
Lansing metro Census 7000 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

Zoning & alternative use

F COMM · Lansing, MI

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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