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Property profile & analytics

5507 Lansing Rd Charlotte, MI 48813-9375

  • Outlet malls
  • 9,432 SF
  • 0.99 lot acres
OFF-MARKET
Value Estimation
$160,000
Last Sale
Mar 05, 2020
$134,000
Location Intelligence
Property ID
US43-2477066
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

  • Outlet malls

Property Details for 5507 Lansing Rd

Lot size
0.99 lot acres
Property size
9,432 SF
Zone code
B-1
Property type
Outlet malls
APN
080 017 100 201 00
APU
8001710020100

Description

This exceptional commercial property in Charlotte, MI, presents a remarkable investment opportunity. The offering encompasses two substantial buildings situated on a generous 1.2-acre lot, comprised of two parcels totaling 0.99 acres and an additional 0.21 acres. The main building, boasting 5,876 square feet, is ideally suited for a showroom or cultivation facility. A complete renovation has prepared this space for immediate occupancy. Significant improvements include new storefront doors and windows installed in 2020, a new hot water heater (2020), and a new metal roof (2022). Furthermore, two new furnaces and an air conditioning unit, purchased in 2021, are included in the sale, though never installed. The second building, approximately 4,000 square feet, offers versatile space perfect for a workshop, processing facility, or storage. This building features a roof replaced around 2017/2018. The combined square footage of nearly 10,000 provides extensive space for a variety of commercial uses. This property's strategic location, substantial size, and recent upgrades make it an exceptional opportunity for a discerning investor or business owner seeking a turnkey operation. The asking price is $599,000.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $150,000
  • CAP approach

    CAP return
    Estimation
    6%
    $185,000
    6.5%
    $200,000
    7%
    $205,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $210,000
    Geo Method
    $165,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $165,000
    Retail
    $205,000
    Mixed-Use
    $210,000
    Hospitality
    $165,000
    Educational
    $165,000
    Residential Income
    $165,000
    Energy
    $220,000
    Income-Based Land
    $210,000
    Food Service
    $200,000

Location Insight

  • Map
  • Local Demand
City
Charlotte
County
Eaton
State
Michigan
Longitude
-84.7004
Latitude
42.6479
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
$3,895
$0.00
$0.00
$97,300
-
$0.00
$0.00
$194,600
More about this property
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