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Financial
Distress signals
Property profile

3500 Martin Luther King Jr Blvd Lansing, MI 48906

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US43-1346106
2,378 SF 12.72 ac lot Built 2002
Last sale Jul 2007
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

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

Debts

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?
$999k
Tax billed · 2022
Assessed value · 2023$16.67M
Assessed land$537k
Assessed improvement$16.13M
Effective rate6.00%

Value estimate

· Oct 2026
$235k
$212k – $259k
AI approach$275k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$31 – $82

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?
H LT IN
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 agency27.8
Restaurant23.6
Law Firm19.6

Location

3500 Martin Luther King Jr Blvd Lansing, MI 48906-2933
County assessor Recorded deeds · 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2703 Turner, Lansing, MI 48906-4026 $182,000 Nov 2025 3,786 SF
2075 Glenn, Lansing, MI 48906-1539 $145,000 Oct 2024 1,600 SF
1245 State, Lansing, MI 48906-1131 $355,000 Apr 2023 2,048 SF
16333 Us Hwy 27, Lansing, MI 48906-5633 $250,000 Dec 2022 4,760 SF
618 Sheridan, Lansing, MI 48906-5346 $250,000 Dec 2022 3,894 SF
207 Bell, Lansing, MI 48906-2938 $300,000 Sep 2022 3,240 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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