Financial
Distress signals
Property profile

16583 S Us Highway 27 Lansing, MI 48906

FOR SALE
Retail space
Property ID
US43-2383167
2,744 SF 0.23 ac lot Built 1950
Last sale Jun 2013
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This freestanding flex property totals 2,744 square feet and is arranged as two separate units. Building improvements include a newer TPO roof, high-efficiency windows, updated siding, and a side commercial entrance. The interior and exterior configuration supports multiple commercial uses, including retail, office, service, contractor, and flex/industrial applications. A third income-producing space may be feasible, subject to design constraints and municipal approvals. The property fronts the

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2024$55k
Assessed land$20k
Assessed improvement$36k
Effective rate3.85%

Value estimate

· Sep 2026
$220k
$198k – $242k
AI approach$220k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$3k
Operating expenses−$8k
NOI · 10.02% cap applied$18k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$57/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$30 – $79
Qualifying comparables6

Cap rate analysis

How does the asset earn?
10.02%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BC
JurisdictionCLINTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office16.1
Restaurant15.2
Law Firm13.0

Location

16583 S Us Highway 27 Lansing, MI 48906
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
940 Cesar E Chavez, Lansing, MI 48906 $70,000 Mar 2025 3,120 SF
15820 Us Hwy 27, Lansing, MI 48906-6413 $200,000 Feb 2025 2,701 SF
4613 Grand Riv, Lansing, MI 48906-2535 $60,000 Jun 2024 3,000 SF
426 Maple, Lansing, MI 48906 $132,500 Apr 2023 3,043 SF
1221 Turner, Lansing, MI 48906-4377 $475,500 Jun 2022 3,106 SF
Lansing, MI 48906-3329 $87,000 Jan 2022 3,060 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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