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    Property profile & analytics
    OFF-MARKET Estimated value $3,240,000
    Strip malls

    3222 Martin Luther King Jr Blvd, Lansing, MI 48910-9184

    142,780 SF 28.43 ac lot Built 1962
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1157002
    Property summary
    AI-generated overview

    This exceptional Class A commercial property, located at 3222 S. Martin Luther King Jr. Blvd in Lansing, Michigan, presents a unique investment opportunity. Comprising two buildings totaling 277,802 square feet on a sprawling 28.43-acre lot, this multi-tenant complex offers a diverse range of office spaces, suitable for traditional, executive, medical, and creative businesses. Built in 1988 and extensively renovated in 2008, the property boasts 27 suites, with the largest contiguous space measuring 27,638 square feet and smaller spaces available down to 1,000 square feet. The property's versatile design caters to various business needs, making it an ideal location for a variety of tenants. Situated in Ingham County, this prime location benefits from high visibility and convenient access, enhanced by ample parking and recently upgraded parking lot lighting. The property's diverse tenant mix includes established businesses such as Young's Beauty Supplies, All Washed Up, Logan Square Auto Care, Vip Fashion, Michelle Nails, Dollar Tree, Great Giant Market, and Subway, demonstrating strong occupancy and rental potential. This property is zoned for retail, office, and restaurant uses. The property's size and location make it an attractive option for both individual tenants and larger organizations seeking a prominent presence in the Lansing market. This is a rare opportunity to acquire a well-established, high-quality commercial property in a thriving area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1962
    Total area 142,780 SF
    Lot 28.43 ac (1,238,411 SF)
    Zoning code F COMM
    APN 33-01-01-29-451-013
    UPID US43-1157002
    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
    • Great Giant Market Grocery & Convenience Store Food Market
    • Windshield Repair Today of Lansing Auto Repair Shop
    • Young's Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
    • MoneyGram Bank Credit Union
    • Mid Michigan Deck Solutions Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.69M
    Blend (final) Blend
    $3.24M
    Owner & transaction history
    Logan Capital LLC · 7 yrs held
    Logan Capital LLC
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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