Financial
Distress signals
Property profile

223 N Clippert St Lansing, MI 48912

FOR SALE
Banks
Property ID
US43-1263105
4,054 SF 1.11 ac lot 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.
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Property summary

AI-generated overview

The property is a freestanding retail building totaling 4,054 square feet, with an additional 2,000-square-foot drive-thru component, situated on a 1.11-acre site. It was formerly used as a bank branch and is configured with elements that support service-oriented operations and customer flow. The property is zoned MX-2 Mixed-Use Community Center and includes drive-thru infrastructure suitable for traffic-oriented concepts with comparable service needs. Located in Lansing on N Clippert Street…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

· Sep 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 · 17 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
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