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Property profile & analytics
OFF-MARKET Estimated value $5,225,000
Strip malls

300 Frandor Ave Lansing, MI 48912-5290

63,461 SF 32 ac lot Built 1998
Individually Owned ~ Est. High Equity
Property ID
US43-1442556
Property summary
AI-generated overview

This exceptional opportunity presents three available retail spaces within the renowned Frandor Shopping Center, located at 300 Frandor Ave, Lansing, MI 48912. Situated in Ingham County, this Class B property offers a range of sizes, from 1,300 square feet to 11,060 square feet, catering to diverse business needs. The property is classified as Retail and Office, with a subtype of Traditional Office, Shopping Center, and Storefront. Multiple tenancies are available. Frandor Shopping Center enjoys a highly desirable location, strategically positioned near major thoroughfares including US-127, the intersection of Saginaw Street and Grand River Avenue, and Michigan Avenue. Established in 1955, this shopping center holds a significant place in Lansing's retail history and remains one of the city's busiest, benefiting from its proximity to Michigan State University, with its substantial student population of 50,543. This presents a unique chance to establish or expand a business within a well-established and thriving retail environment. The property's prime location and strong historical presence make it an attractive investment for businesses seeking high visibility and foot traffic.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 63,461 SF
Lot 32 ac (1,393,920 SF)
Zoning code F COMM
APN 33-01-01-14-226-015
UPID US43-1442556
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
  • Corr Commercial Real Estate Real Estate Agency
  • Frandor Shopping Center Shopping Center & Mall
  • Bank of America ATM (Drive-thru) Financial Consultant Financial Planner
  • FedEx Drop Box Postal Service Courier Service
  • Bank of America (with Drive-thru ATM) Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.70M
Blend (final) Blend
$5.23M
Owner & transaction history
Lansing Retail Center L L C
Lansing Retail Center L L C
since 2025
2 recorded transactions
2025
Price N/A
1969
Price N/A
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $5.5M +36.0%
Auto repair, garage $5.4M +33.0%
Medical building $5.4M +32.5%
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