Property profile

835 Genesee St Lansing, MI 48915

OFF-MARKET
Office buildings
Property ID
US43-1851829
20,710 SF 2.17 ac lot
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

835 Genesee St Lansing, MI 48915-1840
Lansing metro Census 600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2019
6 recorded transactions
2019
Price N/A
2019
Price N/A
2015
Price N/A
2015
Price N/A
2013
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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