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Property profile & analytics

5436 Cedar St, Unit 1 Lansing, MI 48911-3805

  • Auto shops
  • 2,667 SF
  • 1.46 lot acres
OFF-MARKET
Last Sale
Oct 08, 2024
Value Estimations
$285,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1343855
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

  • RPM Auto Sales / Car Dealer / Auto Parts Store

Property Details for 5436 Cedar St

Year built
1956
Lot size
1.46 lot acres
Property size
2,667 SF
Zone code
F COMM
Property type
Auto shops
APN
33-01-05-04-251-262
APU
33010504251262

Description

This exceptional 1.46-acre used car lot in Lansing, MI, presents a rare investment opportunity. Boasting 206 feet of frontage and significant depth, the property comfortably accommodates over 200 vehicles, maximizing sales potential. Its strategic location at 5436 S Cedar St, east of S Cedar and south of Redner, ensures high visibility and substantial traffic flow. The property includes two buildings totaling 13,212 square feet. A three-bay garage is conveniently situated adjacent to a sales office, enhancing operational efficiency. A unique feature is a second-floor apartment with two access points and a residential basement, offering versatile use for the owner or potential subleasing opportunities. Built in 1982, the property is zoned specifically for a used car lot, simplifying operations and minimizing regulatory hurdles. The ample parking (200 spaces) caters to both customers and staff. The APN is 010504251262. All measurements are approximate; interested parties are encouraged to conduct their own due diligence.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $280,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $353,000
    Market price range: $145k - $381k
    AI Estimate
    $315,000
    Market price range: $114k - $315k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lansing
County
Ingham
State
Michigan
Longitude
-84.5488
Latitude
42.6781
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
2023
$15,141
$108,700
$127,500
$236,200
-
$217,400
$255,000
$472,400
More about this property
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