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Financial
Distress signals
Property profile

2200 Coolidge Rd Across from Meijer & Close to US-127 East Lansing, MI 48823

FOR LEASE
Strip malls
Property ID
US43-1480306
23,461 SF 3.3 ac lot Built 1987
Last sale Jul 2002 · $495,920
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of commercial spaces designed for either retail or office use, with available suite sizes ranging from approximately 1,127 to 5,409 square feet. It is situated at a lighted corner intersection on Lake Lansing Road and Coolidge Road, positioned just east of US-127 and directly across from Meijer. The property supports public-facing operations, including Sunday business hours.

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 · 2019

What does the county charge?
$85k
Tax billed · 2019
Assessed value · 2023$1.16M
Assessed land$863k
Assessed improvement$295k
Effective rate7.33%

Value estimate

· Oct 2026
$875k
$788k – $963k
Submarket $/SF estimate$1.87M
NOI build-up
Gross scheduled income$353k
Vacancy & credit loss−$63k
Operating expenses−$87k
NOI · 1,126,105.56% cap applied$203k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$38 – $90

Cap rate analysis

How does the asset earn?
1,126,105.56%
$203k 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?
B5
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply25.9
Wholesale Shop21.3
Auto Parts Store19.4

Location

2200 Coolidge Rd, Unit Across from Meijer & Close to US-127 East Lansing, MI 48823
County assessor Recorded deeds · not on file 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 · 17 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4972 Northwind, East Lansing, MI 48823-5089 $1,530,000 Nov 2021 17,392 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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