Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2317 Michigan Ave Lansing, MI 48917-4917

    • Grocery and convenience stores
    • 5,448 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US43-1252308
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sav-Way Food Center / Convenience Store
    • ATM / Atm
    • Finger Lickin' Chicken & Fish / Restaurant
    • Bitstop Bitcoin ATM / Atm
    • Western Union / Money Transfer Service

    Property Details for 2317 Michigan Ave

    Year built
    1948
    Lot size
    0.20 lot acres
    Property size
    5,448 SF
    Zone code
    F COMME
    Property type
    Grocery and convenience stores
    APN
    33-21-01-18-429-002
    APU
    33210118429002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $340,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $360,000
      Mixed-Use
      $355,000
      Hospitality
      $330,000
      Educational
      $365,000
      Residential Income
      $360,000
      Energy
      $285,000
      Income-Based Land
      $305,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5828
    Latitude
    42.7336
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,970
    $22,200
    $91,500
    $113,700
    -
    $44,400
    $183,000
    $227,400

    Comparable in this City

    • Value Estimation by Request
      934 SF

      700 Waverly Rd

      CONVENIENCE STORE • 934 SF
      700 Waverly Rd, Lansing, MI 48917-4253
      View Details
    • Value Estimation by Request
      2,325 SF

      712 Creyts Rd

      GROCERY, SUPERMARKET • 2,325 SF
      712 Creyts Rd, Lansing, MI 48917-9291
      View Details
    • Value Estimation by Request
      3,837 SF

      7310 Saginaw Hwy

      GROCERY, SUPERMARKET • 3,837 SF
      7310 Saginaw Hwy, Lansing, MI 48917-1138
      View Details
    • Value Estimation by Request
      1,800 SF

      4819 Saginaw Hwy

      GROCERY, SUPERMARKET • 1,800 SF
      4819 Saginaw Hwy, Lansing, MI 48917-2623
      View Details
    • Value Estimation by Request
      960 SF

      7404 Saginaw Hwy

      CONVENIENCE STORE • 960 SF
      7404 Saginaw Hwy, Lansing, MI 48917-1104
      View Details
    • Value Estimation
      $310,000
      3,440 SF

      2305 Michigan Ave

      GROCERY, SUPERMARKET • 3,440 SF
      2305 Michigan Ave, Lansing, MI 48917-2963
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,120 SF

      Granger Mall Retail Space

      Retail/office space in Granger Mall with immediate occupancy.
      408-426 Elmwood Dr, Lansing, MI 48917
      View Details
    • $369,000
      6,200 SF

      Lansing Retail/Office Investment Opportunity

      Versatile 6,200 SF building in a high-traffic Lansing location.
      3320 W Saginaw St, Lansing, MI 48917
      View Details
    • $1,950,000
      15,352 SF

      Retail Center on Saginaw Highway

      Retail center with high exposure in Lansing's west sub-market.
      6240 W Saginaw Hwy, Lansing, MI 48917
      View Details
    • $1,295,000
      21,000 SF

      Retail Space in Lansing Mall Outlot

      Available retail space in high-visibility Lansing location.
      5206-5210 West Saginaw Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing
      18,000 SF

      Retail Space on High Traffic

      Retail space available on a high traffic corner.
      Lansing Mi, Lansing, MI 48917
      View Details
    • $750,000
      11,491 SF

      Retail Building For Sale

      Retail building with 11,491 square feet of space.
      111 S Waverly Rd, Lansing, MI 48917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Lansing Retail Space - 6000 SF

      High-traffic retail building, ideal for restaurant or other uses.
      1601 S. Waverly Rd. Lansing, MI 48917, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      45,778 SF

      Lansing Retail Space - 45,778 SF

      High-traffic freestanding retail building, Lansing, MI.
      5216 Saginaw Hwy, Lansing, MI 48917
      View Details
    • Contact for pricing
      779,656 SF

      Lansing Mall Retail Spaces

      Prime Lansing retail, multiple spaces available.
      5330 Saginaw Hwy, Lansing, MI 48917
      View Details
    • $14 SF/Yr
      1,100 SF

      Retail Space Near Lansing Mall

      Retail space available in a high-traffic Lansing location.
      602 Elmwood Rd, Lansing, MI 48917
      View Details
    • $12 SF/Yr
      11,120 SF

      Lansing Retail Space: Granger Mall

      Prime Lansing storefront, multiple suites available.
      408-426 Elmwood Dr, Lansing, MI 48917
      View Details
    • $9 SF/Yr
      2,000 SF

      Retail Space on Waverly Road

      2,000 SF retail space with high traffic and visibility.
      643 S Waverly Rd, Lansing, MI 48917
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2317 Michigan Ave
    Lansing, MI 48917-4917
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.