Realmo Analytics

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Property profile

603 Michigan Ave Lansing, MI 48912

OFF-MARKET
Office buildings
Property ID
US43-0228626
3,432 SF 0.05 ac lot Built 1907
Last sale Oct 2025 · $890,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use site spanning three parcels at 603–613 E. Michigan Avenue, totaling 20,444 SF across multiple buildings. The improvements include four studio apartments as well as overnight accommodation areas, administrative offices, a kitchen, dining space, and a chapel. The buildings have undergone updates over time and are described as having minimal deferred maintenance; the 603 and 605 E. Michigan buildings are primarily used for storage, while the apartment spaces are part of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$11k
Tax billed · 2020
Assessed value · 2023$160k
Assessed land$8k
Assessed improvement$152k
Effective rate6.77%

Value estimate

· Oct 2026
$270k
$243k – $297k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
Submarket average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$46 – $130
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
G-1 BUS
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Computer & Electronic Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Computer & Electronic Repair11.0
Laundry Service10.6
Tailor Shop10.5

Location

603 Michigan Ave Lansing, MI 48912-1182
County assessor Recorded deeds · 9 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1438 Michigan, Lansing, MI 48912-2247 $485,000 Sep 2023 5,828 SF
801 Holmes, Lansing, MI 48912-1920 $40,100 Feb 2023 1,519 SF
2820 Covington, Lansing, MI 48912-4810 $129,900 Nov 2021 1,558 SF
709 Pennsylvania, Lansing, MI 48912-1734 $66,700 Apr 2021 1,362 SF
2213 Grand Riv, Lansing, MI 48912-3200 $900,000 Dec 2020 6,304 SF
203 Clippert, Lansing, MI 48912-4601 $850,000 Aug 2019 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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