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Property profile & analytics
FOR SALE
Commercial land

6365 Newton Rd East Lansing, MI 48823

34,054 SF 39.38 ac lot Built 1992
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US43-1796424
Property summary
AI-generated overview

This exceptional 39.38-acre parcel, located at 6365 Newton Rd in East Lansing, Michigan (zip code 48823), presents a remarkable development opportunity. The property, identified by APN 33-02-02-04-100-003, is zoned C-2, offering considerable flexibility for a variety of commercial ventures. Its expansive size makes it particularly well-suited for large-scale projects such as "big box" retail establishments, mixed-use developments, multi-family residential complexes, or senior housing facilities. Situated in Ingham County, this strategically located land boasts convenient access to major transportation routes and a thriving community. The asking price for this premier development opportunity is $4,995,000. This is a rare chance to acquire a significant land holding in a desirable East Lansing location with high potential for substantial returns. The property's size and zoning provide a unique platform for ambitious development plans, catering to a wide range of commercial and residential needs. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1992
Total area 34,054 SF
Lot 39.38 ac (1,715,219 SF)
Zoning code C-2
APN 33-02-02-04-100-003
UPID US43-1796424
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$1.22M
Owner & transaction history
M78 Insite Venture LLC · 10 yrs held
M78 Insite Venture LLC
since 2016
2 recorded transactions
2022
Price N/A
2016
Price N/A
Zoning & alternative use
C-2 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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