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Property profile & analytics
OFF-MARKET
Turn key restaurants

511 Hazel St Lansing, MI 48912-1013

1,604 SF 0.11 ac lot Built 1947
Entity Owned 7-yr Hold Free & Clear
Property ID
US43-1528015
Property summary
AI-generated overview

This 1,604 square foot storefront located at 511 E Hazel St, Lansing, Michigan, presents a compelling investment opportunity. Situated on a highly visible corner lot in Ingham County, this retail space is ideal for a variety of businesses. The property boasts shared private parking, providing convenient access for customers and employees. Priced at $150,000 ($93.52 per square foot), this property offers significant potential for growth and expansion. Its prime location in the Lansing area, coupled with its ample square footage and convenient parking, makes it an attractive option for entrepreneurs and investors alike. The property's address is 511 E Hazel St, Lansing, MI 48912 (APN: 33-01-01-21-231-032). The building's versatility allows for adaptation to various retail or office uses. Don't miss this chance to acquire a well-positioned commercial property in a thriving market. The property's strategic location ensures high visibility and accessibility, making it an excellent investment for long-term growth and profitability.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Total area 1,604 SF
Lot 0.11 ac (4,617 SF)
Zoning code H LT IN
APN 33-01-01-21-231-032
UPID US43-1528015
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
511 E Hazel St LLC · 7 yrs held
511 E Hazel St LLC
since 2019
4 recorded transactions
2019
$130,000
2017
Price N/A
2014
Price N/A
2011
Price N/A
Zoning & alternative use
H LT IN · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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