Property profile

2510 Michigan Ave Lansing, MI 48912

OFF-MARKET
Warehouses
Property ID
US43-0493442
5,778 SF 0.29 ac lot Built 1959
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,778 square foot retail property, located at 2510 E Michigan Ave in Lansing, Michigan, presents a unique investment opportunity. Currently entirely vacant, this building offers immediate occupancy for a single tenant or the potential for multiple tenants. The property features two suites, with a minimum divisible space of 1,778 square feet and a maximum contiguous space of 4,000 square feet. Built in 1959, the building sits on a sizable 10,835 square foot lot and provides convenient on-site parking for 25 vehicles. Its prime location directly on Michigan Avenue ensures high visibility and accessibility for customers. The property's previous use as a fitness center suggests adaptability for various retail businesses. The building's total square footage is 5,778 square feet, offering significant space for a variety of commercial ventures. Located in Ingham County, with a zip code of 48912, this property benefits from excellent access to major transportation routes and a thriving local community. This is an ideal opportunity for businesses seeking a prominent location with ample space and parking in a busy Lansing commercial corridor. The property is ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Total area 5,778 SF
Lot 0.29 ac (12,589 SF)
Zoning code F COMM
APN 33-01-01-14-327-462
UPID US43-0493442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advocacy Group
  • Gym & Fitness Center

Location

2510 Michigan Ave Lansing, MI 48912-4011
Lansing metro Census 1000 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2010
Last sale
$430,000
2 recorded transactions
2010
$215,000
1969
Price N/A

Zoning & alternative use

F COMM · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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