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Financial
Distress signals
Property profile

2510 Michigan Ave Lansing, MI 48912

OFF-MARKET
Warehouses
Property ID
US43-0493442
5,778 SF 0.29 ac lot Built 1959
Last sale Feb 2010 · $215,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$12k
Tax billed · 2020
Assessed value · 2023$211k
Assessed land$44k
Assessed improvement$167k
Effective rate5.55%

Value estimate

· Oct 2026
$285k
$257k – $314k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$58/SF
Submarket average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$31 – $99

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
F COMM
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.8
Daycare Center11.1
Electrical Service10.6

Location

2510 Michigan Ave Lansing, MI 48912-4011
County assessor Recorded deeds · 2 transfers 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
428 Cedar, Lansing, MI 48912-1202 $630,000 Feb 2023 5,662 SF
3000 Kalamazoo, Lansing, MI 48912-4615 $134,500 Aug 2020 6,539 SF
401 Hazel, Lansing, MI 48912-1002 $440,000 Feb 2020 8,054 SF
1229 Pennsylvania, Lansing, MI 48912-1636 $87,500 Dec 2019 8,400 SF
1408 Lk Lansing, Lansing, MI 48912-3706 $315,000 Aug 2019 5,000 SF
1403 Lk Lansing, Lansing, MI 48912-3738 $200,000 Feb 2019 6,000 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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