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Property profile & analytics

4221 Grand River Ave Lansing, MI 48906

  • Commercial real estate
  • 7,760 SF
OFF-MARKET
Value Estimation
Location Intelligence
Property ID
US43-4672601
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

  • Skyline Aparments / Apartment Building
  • Skyline Apartments / Apartment Rental Agency

Property Details for 4221 Grand River Ave

Year built
1965
Property size
7,760 SF
Property type
Commercial real estate
APN
33-01-01-06-252-241

Description

This exceptional investment opportunity presents the Skyline Apartments, a 12-unit apartment building located at 4221 N Grand River Ave, Lansing, MI 48906. This Class B property boasts 7,760 square feet on a 12,750 square foot lot, with a net rentable area of 10,500 square feet. Built in 1965 and extensively renovated in 2023, the three-story building features a low-maintenance exterior and benefits from recent capital improvements including a new boiler and windows. The property is currently 100% occupied as of June 1st, 2024, offering immediate cash flow. With 21 parking spaces available, this property provides ample parking for residents. The asking price is $1,140,000, or $95,000 per unit, representing a price per square foot of $146.91. The property is zoned D-1 PRO and is offered free and clear of debt, allowing for immediate access to new financing opportunities. Its prime location on Grand River Avenue provides easy access to major thoroughfares including I-96, US 127, I-69, and I-496, and its proximity to the Capital Region International Airport (LAN) offers significant advantages. The strong rental market in Ingham County, with over 30,000 market-rate apartments and nearly 95% occupancy in Q2, further enhances the investment potential. Residents enjoy convenient access to the amenities of both Downtown Lansing and East Lansing. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a desirable location. The APN is 33-01-01-06-252-241.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lansing
County
Ingham
State
Michigan
Longitude
-84.589030432188
Latitude
42.765987738621
More about this property
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