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Property profile & analytics
OFF-MARKET
Auto shops
2321 Main St, Lansing, MI 48917-4338
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1338623
Property summary
AI-generated overview
This single-story, 6,087-square-foot flex space in Lansing Township, Michigan, is available for $325,000. Located at 2321 W Main St, this fee-simple property offers a convenient location just off I-496, providing easy access to major transportation routes. The building features 1,677 square feet of office and retail space, complemented by a 4,410-square-foot warehouse area. The warehouse boasts a 16-foot ceiling height and a 12 x 10 overhead door. The property includes two restrooms and is equipped with 440V 3-phase power. The 0.4-acre lot is zoned F Commercial, making it suitable for a variety of businesses. Currently 100% occupied, the lease expires July 24, 2024, presenting an owner-user opportunity. The price per square foot is $53.39. This is a Class C building with no loading docks or dock-high doors. The property is a single unit within a single building.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Total area
6,087 SF
Lot
0.42 ac (18,295 SF)
Zoning code
F COMME
APN
33-21-01-19-230-004
UPID
US43-1338623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Job Shop Ink Textile Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scott D Mcculloch · 1 yrs held
Scott D Mcculloch
since 2025
5 recorded transactions
Zoning & alternative use
F COMME · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,035
Tax year 2022
Assessed value
$100,200
Assessed 2023
Previous assessed
$86,200
+16.2% YoY
Effective rate
5.02%
On assessed value
Assessed land
$20,000
Assessed improvement
$80,200
Land market value
$40,000
Improvement market value
$160,400
Total market value
$200,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1950
Heating
SPACE
Stories
1
Total area
6,087 SF
Lot
0.42 ac (18,295 SF)
Zoning code
F COMME
APN
33-21-01-19-230-004
UPID
US43-1338623
Jurisdiction
INGHAM
Zoning & alternative use
F COMME · Lansing, MI
Zoning F COMME · permitted uses
F COMME · Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
SPACE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Scott D Mcculloch
Individual
Mailing address
2321 W MAIN ST, LANSING, MI 48917-4338
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Scott D Mcculloch
Kimberly S Carroll
Quitclaim Deed
—
Mar 1, 2016
$2,831
Scott D Mccolloch
Treasurer Of Ingham County
Grant Deed
related
—
Feb 7, 2014
—
Scott D Mcculloch
Mcculloch J D & C Trust
Quit Claim Deed
related
—
May 23, 2012
—
Mcculloch J D & C Living Trust
Mccolluch John D Trust
Quit Claim Deed
related
—
—
—
Mcculloch John D Trust
—
Deed Of Trust
related
$250,000 · Pnc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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