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    Property profile & analytics

    206 Washington Sq, Unit 16 Lansing, MI 48933-1851

    • Retail residential properties
    • 6,750 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    May 22, 2025
    Location Intelligence
    Property ID
    US43-1956345
    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

    • Cottage Inn Pizza Downtown Lansing / Caterer / Pizza Delivery

    Property Details for 206 Washington Sq

    Year built
    1928
    Lot size
    0.08 lot acres
    Property size
    6,750 SF
    Zone code
    G-1 BUS
    Property type
    Retail residential properties
    APN
    33-01-01-16-328-161
    APU
    33010116328161

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5527
    Latitude
    42.7322
    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
    $15,978
    $16,700
    $257,200
    $273,900
    -
    $33,400
    $514,400
    $547,800

    Comparable in this City

    • Value Estimation
      $190,000
      13,500 SF

      222 Washington Sq, Unit 2

      STORES & APARTMENTS • 13,500 SF
      222 Washington Sq, Lansing, MI 48933-1808
      View Details
    • Value Estimation
      $290,000
      13,500 SF

      220 Washington Sq, Unit 1

      STORES & APARTMENTS • 13,500 SF
      220 Washington Sq, Lansing, MI 48933-1579
      View Details
    • Value Estimation
      $275,000
      2,165 SF

      212 Washington Sq, Unit 6

      STORES & APARTMENTS • 2,165 SF
      212 Washington Sq, Lansing, MI 48933-1808
      View Details
    • Value Estimation
      $180,000
      13,500 SF

      222 Washington Sq4-4

      STORES & APARTMENTS • 13,500 SF
      222 Washington Sq4-4, Lansing, MI 48933-1808
      View Details
    • Value Estimation
      $415,000
      2,184 SF

      111 Washington Sq

      STORES & APARTMENTS • 2,184 SF
      111 Washington Sq, Lansing, MI 48933-1729
      View Details
    • Value Estimation
      $190,000
      13,500 SF

      222 Washington Sq3-3

      STORES & APARTMENTS • 13,500 SF
      222 Washington Sq3-3, Lansing, MI 48933-1808
      View Details

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    Similar Nearby for Lease

    • $20 SF/Yr
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      Downtown Retail, High Traffic Area
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      View Details
    • $18 SF/Yr
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      Prestigious CBD Office Space Available
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      View Details
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      Exceptional Office Space in Downtown Lansing
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    • $27 SF/Yr
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      Lansing Office Sublease: Prime Downtown Location

      6,000 SF Top Floor Office, Stunning Views
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      View Details
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    • $20 SF/Yr
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      Downtown Lansing Retail Space

      Prime Lansing location, 9,677 SF available
      228 Washington Sq, Lansing, MI 48933
      View Details
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    Lansing, MI 48933-1851
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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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