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    Property profile & analytics

    1923 Michigan Ave, Unit 1 Lansing, MI 48912-2828

    • Grocery and convenience stores
    • 2,100 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US43-1817161
    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

    • Speedway / Convenience Store / Gas Station
    • ATM (Speedway) / Atm / Cars
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1923 Michigan Ave

    Year built
    1985
    Lot size
    0.47 lot acres
    Property size
    2,100 SF
    Zone code
    F COMM
    Property type
    Grocery and convenience stores
    APN
    33-01-01-14-155-052
    APU
    33010114155052

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $345,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $335,000
      Mixed-Use
      $330,000
      Hospitality
      $295,000
      Educational
      $345,000
      Residential Income
      $275,000
      Energy
      $275,000
      Income-Based Land
      $255,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5228
    Latitude
    42.7339
    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
    2020
    $9,440
    $71,200
    $229,000
    $300,200
    -
    $142,400
    $458,000
    $600,400

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      1918 Kalamazoo St

      GROCERY, SUPERMARKET • 2,700 SF
      1918 Kalamazoo St, Lansing, MI 48912-2735
      View Details
    • Value Estimation
      $2,540,000
      1,440 SF

      1900 Kalamazoo St

      GROCERY, SUPERMARKET • 1,440 SF
      1900 Kalamazoo St, Lansing, MI 48912-2735
      View Details
    • Value Estimation
      $440,000
      1,683 SF

      3201 Saginaw St

      GROCERY, SUPERMARKET • 1,683 SF
      3201 Saginaw St, Lansing, MI 48912-4713
      View Details
    • Value Estimation
      $340,000
      6,224 SF

      2400 Michigan Ave

      GROCERY, SUPERMARKET • 6,224 SF
      2400 Michigan Ave, Lansing, MI 48912-4020
      View Details
    • Value Estimation
      $385,000
      2,012 SF

      2315 Grand Riv Ave

      CONVENIENCE STORE • 2,012 SF
      2315 Grand Riv Ave, Lansing, MI 48912-3223
      View Details
    • Value Estimation
      $5,040,000
      2,325 SF

      2000 Lk Lansing Rd

      CONVENIENCE STORE • 2,325 SF
      2000 Lk Lansing Rd, Lansing, MI 48912-3610
      View Details

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      Regional lifestyle destination with premium brands and dining options.
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      Retail Space in Lansing, MI

      Regional lifestyle destination with premium brands and dining options.
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      View Details
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    Lansing, MI 48912-2828
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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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