6280 Bishop Rd Lansing, MI 48911
- Commercial real estate
- 21.82 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 6280 Bishop Rd
- Lot size
- 21.82 lot acres
- Property type
- Commercial real estate
- APN
- 25-05-07-176-001, 25-05-07-176-002, 25-05-07- 176-008, 25-05-07-176-015
Description
This exceptional 21.82-acre land parcel in Lansing, Michigan, presents a prime opportunity for the development of approximately 260 apartment units. Located in Delhi Township within the Holt School District, this fee-simple property boasts a highly visible location off I-96, exit 101, providing excellent accessibility. The site comprises four parcels (APN: 25-05-07-176-001, 25-05-07-176-002, 25-05-07-176-008, 25-05-07-176-015) and benefits from existing utilities. A special use permit allows for a density of 12 units per acre. The property's strategic location offers proximity to major employers, including GM's new battery cell plant (a 12-minute drive), and numerous amenities such as Kroger, Meijer, Starbucks, and Target (within an 8-minute drive). Furthermore, its location within a Qualified Opportunity Zone presents significant tax advantages for investors. The area enjoys a strong average household income ($91,000 in Delhi Township) and is served by the excellent Holt School District, with over 5,000 students. Downtown Holt is a 10-minute drive, downtown Lansing is 15 minutes away, and Capital Region International Airport is a 20-minute drive. The asking price for this exceptional development opportunity is $2,500,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.594442854633
- Latitude
- 42.661970268631
