Property profile

1522 Michigan Ave 1 Lansing, MI 48912

OFF-MARKET
Retail space
Property ID
US43-1249591
1,540 SF 0.06 ac lot Built 1929
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1929
Total area 1,540 SF
Lot 0.06 ac (2,570 SF)
Zoning code F-1 COM
APN 33-01-01-15-426-391
UPID US43-1249591

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
  • Restaurant

Location

1522 Michigan Ave, Unit 1 Lansing, MI 48912-2221
Lansing metro Census 6500 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$175k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2024
Last sale
$175,000
1 recorded transaction
2024
$175,000

Zoning & alternative use

F-1 COM · 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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