Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Strip malls
3320 Lk Lansing Rd East Lansing, MI 48823-1526
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1467090
Property summary
AI-generated overview
This exceptional retail property, located at 3320 E Lake Lansing Rd in East Lansing, Michigan, presents a rare opportunity. The single-building center, constructed in 1994, boasts a total of 9,360 square feet across eight suites. Currently, 1,800 square feet of prime retail space is available for lease, marking the first vacancy in several years within this highly occupied center. The property sits on a substantial 47,480 square foot lot, providing ample space and visibility. Its strategic location on E Lake Lansing Rd ensures high traffic and excellent exposure for businesses. The property is zoned C-1, offering flexibility for a variety of retail uses. The building's address is 3320 E Lake Lansing Rd, East Lansing, MI 48823, and its Ingham County APN is 33-02-02-06-377-050. This is an ideal location for businesses seeking high visibility and a strong tenant base in a thriving community. The lease commencement date is March 1st, 2025. Don't miss this chance to secure a space in a highly sought-after retail center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1994
Total area
9,360 SF
Lot
0.87 ac (37,984 SF)
Zoning code
C-1
APN
33-02-02-06-377-036
UPID
US43-1467090
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
-
Constellation Cat Cafe Cafe & Coffee Shop
-
Ann's School of Dance Training Center
-
Pizza Hut Take-out & Catering
-
Cocos Off the Rack Clothing Store
-
Naci Mai Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$515k
Owner & transaction history
EAST BEND PLACE II LLC
EAST BEND PLACE II LLC
Zoning & alternative use
C-1 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$740,000
+23.6%
Warehouse, storage
$615,000
+2.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Current use
RETAIL STORES
$740,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$615,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1994
Heating
YES
Stories
1
Total area
9,360 SF
Lot
0.87 ac (37,984 SF)
Zoning code
C-1
APN
33-02-02-06-377-036
UPID
US43-1467090
Jurisdiction
INGHAM
Zoning & alternative use
C-1 · East Lansing, MIZoning C-1 · permitted uses
C-1 · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$600,000
RETAIL STORES
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
YES
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
EAST BEND PLACE II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
213 S ASHLEY ST STE 200A, ANN ARBOR, MI 48104-1360
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3320 Lk Lansing Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
