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    2937 Martin Luther King Jr Blvd Lansing, MI 48910-2655
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    Property profile & analytics

    2937 Martin Luther King Jr Blvd Lansing, MI 48910-2655


    • Auto shops
    • 1,251 SF
    • 0.39 lot acres
    Off-Market
    Last Sale Jan 6, 2021
    $50,000
    Property ID
    US43-1770575
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A & K Wholesaler / Big Box & Wholesale Store
    • Spartan Elite Auto Group L.L.C. / Car Dealership

    Property Details for 2937 Martin Luther King Jr Blvd

    Year built
    1956
    Lot size
    0.39 lot acres
    Property size
    1,251 SF
    Zone code
    H LT IN
    Property type
    Auto shops
    APN
    33-01-01-29-426-051
    APU
    33010129426051

    Description

    This exceptional retail opportunity in Lansing, Michigan, presents a prime auto sales lot for lease at 2937 S Martin Luther King Jr Blvd. The property boasts a 1,251 square foot building featuring a single drive-in bay, dedicated office space, and restrooms. The expansive .386-acre lot is entirely paved with concrete, providing ample space to display over 50 vehicles. This high-visibility location on a busy Lansing thoroughfare in Ingham County ensures significant traffic exposure, making it ideal for a successful automotive business. The property is a single-tenant space, offering complete control and flexibility for the lessee. With 50 parking spaces available, customer convenience is maximized. The property's size and location within the 48910 zip code offer a unique opportunity to establish or expand an automotive sales operation in a high-traffic area of Lansing. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a well-positioned and functional auto sales lot in a thriving Michigan market.


    Value Estimations

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    • CAP approach

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    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.567
    Latitude
    42.7027
    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
    2020
    $7,464
    $33,600
    $25,400
    $59,000
    -
    $67,200
    $50,800
    $118,000
    More about this property
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