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    OFF-MARKET
    Medical Office Space

    818 Oakland Ave, Lansing, MI 48906

    1,840 SF 1.02 ac lot Built 1944
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-1663145
    Property summary
    AI-generated overview

    This exceptional commercial redevelopment opportunity presents a prime 1.02-acre site ideally located at the corner of Oakland and Prudden Avenues in Lansing, Michigan. The property boasts a substantial 1,840 square feet of buildable area, offering significant potential for a variety of commercial ventures. Its strategic corner location ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving area. The property is zoned DT-2, providing flexibility for a range of development options, subject to city approvals. This presents a unique chance to capitalize on a highly desirable location and create a significant return on investment. The existing structure, if any, is not detailed in the provided information and should be independently verified. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land parcel. The asking price for this remarkable opportunity is $325,000. All interested parties are advised to conduct their own due diligence regarding zoning regulations, building codes, and any necessary permits before making an offer. This information is provided as is, without warranty or guarantee.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1944
    Total area 1,840 SF
    Lot 1.02 ac (44,605 SF)
    Zoning code I HVY
    APN 33-01-01-10-351-252
    UPID US43-1663145
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Peninsula Fiber Network LLC
    Peninsula Fiber Network LLC
    since 2026
    1 recorded transaction
    2026
    $120,000
    Zoning & alternative use
    I HVY · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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