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    Property profile & analytics
    OFF-MARKET Estimated value $735,000
    Office buildings

    835 Genesee St, Lansing, MI 48915-1840

    20,710 SF 2.17 ac lot
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1851829
    Property summary
    AI-generated overview

    This exceptional 2.166-acre property at 835 W Genesee St in Lansing, Michigan, presents a unique redevelopment opportunity. The former Genesee Elementary School building offers a substantial 23,590 square feet of space, currently zoned Commercial-Improved, allowing for a wide range of development possibilities. The property's location in downtown Lansing offers excellent visibility and accessibility, with the added benefit of proximity to the main campus of Lansing Community College. The existing structure, while requiring renovation or repurposing, provides a solid foundation for a significant project. Preliminary assessments suggest the potential for the creation of 34 to 36 residential or commercial units, making this a highly attractive investment for developers seeking a substantial project in a thriving urban setting. The property's size and zoning provide flexibility for various development plans, catering to a diverse range of potential uses. With its strategic location and considerable square footage, this property represents a compelling investment opportunity in a dynamic and growing Michigan city. The 48915 zip code offers access to a vibrant community and established infrastructure. This is a rare chance to acquire a large-scale property with significant development potential in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Total area 20,710 SF
    Lot 2.17 ac (94,525 SF)
    APN 33-01-01-17-232-002
    UPID US43-1851829
    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
    $540k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $961k
    Blend (final) Blend
    $735k
    Owner & transaction history
    835 Genesee LLC · 7 yrs held
    835 Genesee LLC
    since 2019
    6 recorded transactions
    2019
    2019
    2015
    2015
    2013
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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