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Financial
Distress signals
Property profile

226 W Cesar E Chavez Ave Lansing, MI 48906

FOR LEASE
Auto shops
Property ID
US43-1187064
1,759 SF 0.26 ac lot Built 1935
Last sale Apr 2025 · $80,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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.

Debts

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?
$4k
Tax billed · 2020
Assessed value · 2023$58k
Assessed land$22k
Assessed improvement$36k
Effective rate6.67%

Value estimate

· Oct 2026
$70k
$63k – $77k
AI approach$70k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 380.97% cap applied$11k

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

Recently sold

What actually traded nearby?
$85/SF
Submarket average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$54 – $143
Qualifying comparables4

Cap rate analysis

How does the asset earn?
380.97%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency14.3
Nail Salon13.2
Dental Office13.0

Location

226 W Cesar E Chavez Ave Lansing, MI 48906
County assessor Recorded deeds · 1 transfer 4 qualifying comp sales Zoning catalog · not on file

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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
720 Larch, Lansing, MI 48906-5224 $375,000 Jul 2025 1,380 SF
4917 Grand Riv, Lansing, MI 48906-2541 $127,000 Jan 2025 1,736 SF
2235 Spikes, Lansing, MI 48906-3930 $349,900 Jun 2023 2,304 SF
1632 Grand Riv, Lansing, MI 48906-3935 $140,000 Mar 2023 2,101 SF
300 Sheridan, Lansing, MI 48906-2226 $75,000 Nov 2022 1,442 SF
1600 Grand Riv, Lansing, MI 48906-3935 $140,000 May 2021 1,319 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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