818 Oakland Ave, Lansing, MI 48906
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I HVY · Lansing, MILansing. Always verify with local authorities before improvements.
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.