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Financial
Distress signals
Property profile

409 Lentz Ct Lansing, MI 48917

FOR SALE
Auto shops
Property ID
US43-1461639
7,046 SF 0.35 ac lot Built 1972
Last sale Dec 2024 · $407,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Exceptional investment opportunity: a 7,046-square-foot freestanding industrial warehouse in Lansing, Michigan, listed at $475,000 ($67.41/sq ft). This vacant property, built in 1972, sits on a 0.35-acre lot and is zoned for General Business use. The building boasts steel pole barn construction, featuring a spacious warehouse area with approximately 1,700 square feet of finished office space. Warehouse highlights include 14-foot ceiling clearance, two 12'H x 8'W electric overhead doors, one…

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?
$9k
Tax billed · 2022
Assessed value · 2023$115k
Assessed land$17k
Assessed improvement$97k
Effective rate7.47%

Value estimate

· Oct 2026
$400k
$360k – $440k
AI approach$245k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$6k
Operating expenses−$20k
NOI · 91.56% cap applied$46k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$85/SF
Submarket average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$54 – $143

Cap rate analysis

How does the asset earn?
91.56%
$46k 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?
G GENER
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 agency27.7
Restaurant26.4
Dental Office18.0

Location

409 Lentz Ct Lansing, MI 48917
County assessor Recorded deeds · 4 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1919 Creyts, Lansing, MI 48917-9534 $670,000 Sep 2024 10,893 SF
5030 Saginaw, Lansing, MI 48917-2660 $602,268 May 2021 7,640 SF
7721 Lanac, Lansing, MI 48917-9573 $445,000 Apr 2021 7,200 SF
2530 Canal, Lansing, MI 48917-8563 $300,000 Sep 2020 6,900 SF
4200 Saginaw, Lansing, MI 48917-2110 $705,000 Jun 2020 4,667 SF
3900 Creyts, Lansing, MI 48917-8561 $420,000 Feb 2020 9,168 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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