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    Property profile & analytics

    3812 Martin Luther King Jr Blvd Lansing, MI 48910

    • Turn key restaurants
    • 4,040 SF
    • 1.55 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimation
    $220,000
    Last Sale
    Dec 28, 2022
    $217,500
    Location Intelligence
    Property ID
    US43-1121678
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carrie’s Kitchen / Soul Food Restaurant
    • Head Quarters Lounge and Event Space / Event Venue

    Property Details for 3812 Martin Luther King Jr Blvd

    Year built
    1956
    Lot size
    1.55 lot acres
    Property size
    4,040 SF
    Zone code
    J & F
    Property type
    Turn key restaurants
    APN
    33-01-01-32-203-252
    APU
    33010132203252

    Description

    This exceptional 4,040 square foot free-standing retail building, located at 3812 S. Martin Luther King Jr. Blvd in Lansing, Michigan, presents a unique leasing opportunity. Situated in Ingham County, this single-story structure underwent renovations in 2000. The property boasts high visibility and ample parking, benefiting from a 2022 traffic count of 16,036 vehicles per day. Currently configured as a restaurant, the space is fully equipped and includes seating for over 50 guests. The existing layout offers significant potential for use as a banquet facility, adding versatility and appeal to a wide range of potential tenants. The building's single-tenancy setup provides a streamlined and efficient operational environment. This prime location in Lansing, MI, zip code 48910, offers excellent access to a thriving community and significant foot traffic. The property's size and amenities make it an ideal space for a variety of businesses seeking a well-maintained and strategically located commercial property. This is a rare opportunity to secure a well-equipped and highly visible space in a desirable Lansing location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $200,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $200,000
      Mixed-Use
      $185,000
      Hospitality
      $205,000
      Educational
      $195,000
      Residential Income
      $185,000
      Energy
      $180,000
      Income-Based Land
      $230,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5683
    Latitude
    42.6936
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $11,457
    $131,400
    $105,100
    $236,500
    -
    $262,800
    $210,200
    $473,000

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    • Value Estimation
      $235,000
      636 SF

      2124 Cedar St, Unit 15

      RESTAURANT • 636 SF
      2124 Cedar St, Lansing, MI 48910-3130
      View Details

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      Retail Space in Lansing Center

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    Lansing, MI 48910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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