Financial
Distress signals
Property profile

3222 Martin Luther King Jr Blvd Lansing, MI 48910

OFF-MARKET
Strip malls
Property ID
US43-1157002
142,780 SF 28.43 ac lot Built 1962
Last sale Jan 2000 · $2,825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$129k
Tax billed · 2022
Assessed value · 2023$1.93M
Assessed land$1.24M
Assessed improvement$696k
Effective rate6.66%

Value estimate

· Sep 2026
$3.24M
$2.92M – $3.56M
Sales comparison$3.69M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$38 – $90

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
F COMM
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency55.6
Restaurant39.7
Building Supply38.9

Location

3222 Martin Luther King Jr Blvd Lansing, MI 48910-9184
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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