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    Property profile & analytics

    321 Butler Blvd Lansing, MI 48915

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-5207155
    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.

    Current Use by Public Records

    • Butler Apartments / Apartment Building

    Property Details for 321 Butler Blvd

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 35-unit multifamily portfolio located in Lansing, Michigan. Priced at $2,350,000, this Class B property boasts a compelling 7.74% cap rate and a price per unit of $67,143. The portfolio comprises three properties within a five-mile radius: Vincent Court Apartments (16 units), Butler Apartments (12 units), and Townsend Apartments (7 units). Vincent Court features 16 two-bedroom, one-bathroom units, averaging 800 square feet, each with updated kitchens, stainless steel appliances, new flooring, individual entrances, washer/dryer hookups, and dishwashers. Utilities are individually metered and tenant-paid. Butler Apartments includes 11 two-bedroom, one-bathroom units (averaging 850 square feet) and one one-bedroom, one-bathroom unit (850 square feet). These units also feature updated kitchens, stainless steel appliances, and new flooring. Electricity is individually metered and tenant-paid

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5650714
    Latitude
    42.7367489

    Comparable in this City

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      3,840 SF

      Lansing Multifamily Property For Sale

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      Lansing Industrial Facility For Sale

      62,000 SF industrial facility on nearly 4 acres in Lansing.
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      Prime Lansing Mixed-Use Opportunity

      High-visibility corner property in thriving business corridor near State Capitol.
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    • $99,900

      Commercial Land For Sale

      Commercial land available for sale.
      1021 N Martin Luther King Jr Blvd, Lansing, MI 48915
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    • $339,900
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      Development Property Near LCC Campus

      2.166 acre development opportunity near downtown Lansing.
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      Genesee St. School Redevelopment Opportunity

      Prime Lansing location, 23,590 SF, 36+ unit potential.
      835 Genesee St, Lansing, MI 48915
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    Similar Nearby for Sale

    • $69,900
      3,840 SF

      Lansing Multifamily Property For Sale

      Multifamily property in Lansing, Michigan, with 3840 square feet.
      719 W Saginaw St, Lansing, MI 48915
      View Details
    • $339,900
      23,590 SF

      Development Property Near LCC Campus

      2.166 acre development opportunity near downtown Lansing.
      835 W Genesee St, Lansing, MI 48915
      View Details
    • $2,900,000
      62,014 SF

      Lansing Industrial Facility For Sale

      62,000 SF industrial facility on nearly 4 acres in Lansing.
      1801 Bassett St, Lansing, MI 48915
      View Details
    • $378,000

      Prime Lansing Mixed-Use Opportunity

      High-visibility corner property in thriving business corridor near State Capitol.
      827 W Saginaw St, Lansing, MI 48915
      View Details
    • $99,900

      Commercial Land For Sale

      Commercial land available for sale.
      1021 N Martin Luther King Jr Blvd, Lansing, MI 48915
      View Details
    • $69,900

      Land For Sale Lansing

      Land available for sale in Lansing, Michigan.
      719 W Saginaw St St, Lansing, MI 48915
      View Details
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    321 Butler Blvd
    Lansing, MI 48915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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