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    OFF-MARKET
    Commercial land

    16600 Chandler Rd, East Lansing, MI 48823-6112

    1,008 SF 5 ac lot Built 1955
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-2203477
    Property summary
    AI-generated overview

    This exceptional 5-10 acre parcel, located at 16600 Chandler Rd in East Lansing, Michigan (48823), presents a unique investment opportunity. The property boasts commercial zoning, allowing for a diverse range of development possibilities. With dimensions of approximately 330 feet by 1320 feet, the expansive lot offers significant potential for various commercial ventures. The property is conveniently situated within a high-growth area of East Lansing, promising strong future returns. The parcel numbers are 050-036-100-060-00 and 050-036-100-065-00. The asking price is $525,000. 2023 property taxes totaled $12,189. The State Equalized Value (SEV) for parcel 060 is $108,800, and the SEV for parcel 065 is also $108,800. This prime location in Clinton County offers excellent access to major transportation routes and a thriving local economy. The property's size and zoning make it ideal for a variety of commercial developments, from retail spaces to light industrial uses. Don't miss this chance to acquire a significant piece of land in a rapidly developing area. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1955
    Total area 1,008 SF
    Lot 5 ac (217,800 SF)
    Zoning code BC
    APN 050-036-100-065-00
    UPID US43-2203477
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Bontrager Property Co LLC · 1 yrs held
    Bontrager Property Co LLC
    since 2024
    Last sale
    $410,000
    3 recorded transactions
    2024
    2019
    $410,000
    2017
    Zoning & alternative use
    BC · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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