Property profile

223 N Clippert St Lansing, MI 48912

FOR SALE
Banks
Saved see the list in your Dashboard
Property ID
US43-1263105
4,054 SF 1.11 ac Built 1969
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Freestanding commercial property at 223 N Clippert Street in Lansing, near Michigan Avenue, comprising a 4,054-square-foot retail building and a separate 2,000-square-foot drive-through area on 1.11 acres. The buildings were constructed in 1969 and historically operated as a bank branch; the site includes infrastructure suited to a range of professional, medical, and service-oriented uses. The property is located within a commercial corridor with surrounding retail, dining, and service…

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?
$13k
Tax billed · 2020
Assessed value · 2023$352k
Assessed land$169k
Assessed improvement$183k
Effective rate3.80%

Value estimate

· Nov 2026
$320k
$288k – $352k
AI approach$320k
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$8k
Operating expenses−$14k
NOI · 4.56% cap applied$43k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
4.56%
$43k 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?
J & F
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 agency37.3
Building Supply35.4
Wholesale Shop27.4

Location

223 N Clippert St Lansing, MI 48912
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

6 recorded sales · 18 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
2409 Michigan, Lansing, MI 48912-4019 $252,000 Feb 2023 3,200 SF
2405 Michigan, Lansing, MI 48912-4019 $196,000 Dec 2021 3,042 SF
1910 Michigan, Lansing, MI 48912-2829 $230,000 Oct 2020 3,500 SF
605 Michigan, Lansing, MI 48912-1180 $300,000 Sep 2020 3,564 SF
402 Homer, Lansing, MI 48912-4610 $450,000 Mar 2019 4,800 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

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