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Financial
Distress signals
Property profile

326 S Hosmer St Lansing, MI 48912

FOR LEASE
Other warehouses
Property ID
US43-1099930
4,000 SF 0.19 ac lot Built 1927
Last sale May 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 4,965-square-foot warehouse located at 326 S Hosmer in Lansing, Michigan. It is zoned DT Urban Flex and configured as a largely open interior space with a 10-foot overhead door, one restroom, and a private office. Heating is provided by multiple gas forced-air furnaces. The space is suited for creative, commercial, or light industrial uses. The building is positioned on a corner opposite Arts Bar at the intersection of Kalamazoo and Hosmer, with access to I-496 and the Michigan State Capitol.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2023$34k
Assessed land$6k
Assessed improvement$28k
Effective rate5.75%

Value estimate

· Oct 2026
$295k
$266k – $325k
AI approach$295k
NOI build-up
Gross scheduled income$51k
Vacancy & credit loss−$5k
Operating expenses−$14k
NOI · 460,857.14% cap applied$32k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$58/SF
Submarket average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$31 – $99

Cap rate analysis

How does the asset earn?
460,857.14%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
H LT IN
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Skin Care Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Skin Care Clinic11.0
Laundry Service10.8
Tailor Shop10.7

Location

326 S Hosmer St Lansing, MI 48912
County assessor Recorded deeds · 2 transfers Qualifying 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 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
437 Larch, Lansing, MI 48912-1207 $225,000 Jan 2026 2,800 SF
618 Charles, Lansing, MI 48912-3804 $114,900 Jun 2023 3,200 SF
428 Cedar, Lansing, MI 48912-1202 $630,000 Feb 2023 5,662 SF
500 Cedar, Lansing, MI 48912 $1,150,000 Dec 2022 2,880 SF
520 Charles, Lansing, MI 48912-3802 $95,000 Sep 2021 3,876 SF
1408 Lk Lansing, Lansing, MI 48912-3706 $315,000 Aug 2019 5,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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