Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

2116 Michigan Ave Lansing, MI 48912

OFF-MARKET
Retail space
Property ID
US43-1073271
11,088 SF 0.28 ac lot Built 1947
Last sale Mar 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 11,088 square-foot free-standing retail building presents a unique investment opportunity. Situated on a prominent corner lot at the intersection of Michigan Avenue and South Magnolia, this property boasts unparalleled visibility and accessibility. Built in 1947 and extensively renovated in 1997, the building features two expansive open showroom spaces, perfect for showcasing merchandise or creating a dynamic retail environment. The generous square footage also includes…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$12k
Tax billed · 2020
Assessed value · 2023$267k
Assessed land$42k
Assessed improvement$225k
Effective rate4.31%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
Submarket average, outlier-cleaned · 101 recorded sales of this use type
Observed band · Q1–Q3$44 – $102
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
J PARKI
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.7
HVAC Service10.9
Pawn Shop9.8

Location

2116 Michigan Ave Lansing, MI 48912-3026
County assessor Recorded deeds · 1 transfer 4 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1901 Michigan, Lansing, MI 48912-2844 $440,000 Dec 2024 4,059 SF
726 Michigan, Lansing, MI 48912-1435 $90,000 Oct 2024 7,708 SF
3030 Michigan, Lansing, MI 48912-4617 $900,000 Jun 2023 7,475 SF
3435 Saginaw, Lansing, MI 48912-4717 $3,400,000 Jan 2022 15,287 SF
402 Homer, Lansing, MI 48912-4610 $450,000 Mar 2019 4,800 SF
154 Larch, Lansing, MI 48912-1112 $325,000 Nov 2018 7,983 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 2116 Michigan Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved