722 Martin Luther King Jr Blvd Lansing, MI 48915
This exceptional 0.34-acre commercial land parcel presents a unique investment opportunity in the heart of Lansing, Michigan. Strategically located near the intersection of Martin Luther King Jr. Boulevard and Saginaw Street, this property boasts high visibility and significant vehicle traffic, making it an attractive site for various commercial ventures. The lot is fully fenced, offering security and ease of management. The permitted zoning is commercial, allowing for a wide range of development possibilities, from additional business parking to new commercial construction. The property's central location provides easy access to major thoroughfares and a diverse customer base. With its prime location and considerable potential, this lot represents a compelling investment for those seeking to capitalize on Lansing's thriving commercial landscape. The property includes three separate APNs: 33-01-01-08-481-071, 33-01-01-08-481-051, and 33-01-01-08-481-051. The asking price for this exceptional opportunity is $50,000. This is a rare chance to acquire a highly desirable commercial lot in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.