511 Washington Ave Lansing, MI 48933-2301
Property profile & analytics
511 Washington Ave Lansing, MI 48933-2301
- Office buildings
- 10,665 SF
- 0.54 lot acres
Property ID
US43-0920883
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.
Location Intelligence
Current Use by Public Records
- Principal Financial Group / Insurance Agency
- Centennial Investment Planning / Insurance Agency
- All of God’s Children / Charitable Organization / Social Service Agency
Property Details for 511 Washington Ave
- Year built
- 1950
- Lot size
- 0.54 lot acres
- Property size
- 10,665 SF
- Zone code
- G-1 BUS
- Property type
- Office buildings
- APN
- 33-01-01-16-455-031
- APU
- 33010116455031
Description
This historic, two-story, 10,665-square-foot office building in downtown Lansing, Michigan, presents a unique investment opportunity. Built in 1950 and renovated in 2001, this Class C building (APN 33-01-01-16-455-031) is currently vacant and offers a compelling price per square foot of $112.05. The property features a spacious first floor with a reception area, restrooms, mailroom, multiple private offices of varying sizes, several conference rooms with ample natural light, 22 individual work stations, and a large training/presentation room. An original staircase leads to the second floor, which includes a large break room and additional private offices or conference rooms overlooking the first floor. The building offers convenient surface-level parking and a covered back area suitable for outdoor use. Its prime downtown location provides easy access to the Capitol, other government buildings, local businesses, and I-496. This free-standing building, formerly a transportation station, offers a blend of historic charm and modern functionality. The asking price is $1,195,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $692,000
- AI Estimate
- $441,000
Market price range: $495k - $1.39MMarket price range: $142k - $957k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $760,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5518
- Latitude
- 42.7282
- 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
$22,890
$117,200
$290,600
$407,800
-
$234,400
$581,200
$815,600
