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Property profile

2120 S Washington Ave Lansing, MI 48910

FOR SALE
Manufacturing properties
Property ID
US43-0468885
443,540 SF 9.59 ac lot Built 1915
Last sale Sep 2021 · $2,000,000
Trust Owned Owner of record is a trust. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2120 S Washington Ave, Lansing, MI 48910 For Sale
Contact for pricing 443,540 SF
2120 S Washington Ave, Lansing, MI 48910
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Property summary

AI-generated overview

A 103,880-square-foot warehouse and distribution facility configured for industrial operations. Ceiling heights range from 11'8" to 18', with interior column spacing varying between 16' x 25' and 20' x 20'. The building has 6-inch reinforced concrete floors designed for demanding use, and it includes five dock doors for loading. Electrical service is 3-Phase, 440v. The facility is located at the corner of W. Mt. Hope and S. Washington, with access to I-96 and I-496, and it is zoned for…

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 · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value · 2024$509k
Assessed land$65k
Assessed improvement$444k
Effective rate6.60%

Value estimate

· Oct 2026
$1.99M
$1.79M – $2.19M
AI approach$1.99M
NOI build-up
Gross scheduled income$1.18M
Vacancy & credit loss−$106k
Operating expenses−$323k
NOI · 21.66% cap applied$754k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$63/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$28 – $105

Cap rate analysis

How does the asset earn?
21.66%
$754k 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?
I HVY
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 agency50.4
Restaurant43.1
Dental Office36.1

Location

2120 S Washington Ave Lansing, MI 48910
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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

2 recorded sales · 16 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2902 Cedar, Lansing, MI 48910-3033 $206,000 Nov 2021 1,800 SF
1400 Washington, Lansing, MI 48910-1655 $625,000 Apr 2021 30,787 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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