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Property profile & analytics
OFF-MARKET
Strip malls

3022 Michigan Ave Lansing, MI 48912-4617

4,452 SF 0.19 ac lot Built 1947
Entity Owned 14-yr Hold Free & Clear
Property ID
US43-1942839
Property summary
AI-generated overview

This exceptional retail property, located at 3022 E Michigan Unit 3022 in Lansing, MI, offers a unique opportunity for businesses seeking high visibility and accessibility. Boasting a total of 4,452 square feet, the space is divisible into three leasable suites, providing flexibility for various business needs. Alternatively, the entire 4,452 square feet can be combined for a larger tenant. The property sits on a 0.18-acre lot at the corner of US-127 and E Michigan Avenue, ensuring maximum exposure to the high traffic counts on this major thoroughfare. Its strategic location offers unparalleled convenience, situated across from the Frandor Shopping Center and within walking distance of Michigan State University (MSU). This prime location benefits from its proximity to East Lansing while remaining in Lansing Township, providing easy access to both the Capital area and the University. The property's central location ensures quick access to all major roads and highways, making it an ideal location for businesses seeking to reach a wide customer base. The asking price for this exceptional retail space is $690,000.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1947
Total area 4,452 SF
Lot 0.19 ac (8,189 SF)
Zoning code F COMME
APN 33-21-01-14-404-028
UPID US43-1942839
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
  • Lansing Scooters2Go Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
PIXPROP LLC
PIXPROP LLC
Zoning & alternative use
F COMME · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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