5867 Grand RivLansing, MI 48906

  • Office buildings
  • 3,920 SF
Off market
$44,583,660 Estimated

Property Details for 5867 Grand Riv

Year built
1976
Lot size
4.45 AC
Property size (Sq ft)
3,920 SF
Zone code
LI
Property type
Office buildings
APN
150-035-300-021-01
APU
15003530002101

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $277,924
    6.5%
    $256,545
    7%
    $238,221
  • Comparable approach

    Method
    Valuation
    Relative Method
    $308,701
    Geo Method
    $308,701
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $719,159
    Retail / Commercial
    $326,872
    Mixed-Use / Specialty
    $292,682
    Hospitality / Lodging
    $171,734
    Institutional / Educational
    $292,468
    Residential Income
    $342,188
    Multifamily
    $593,486
    Automotive / Energy
    $250,687
    Parking / Income-Based Land
    $119,137
    Restaurant / Food Service
    $81,744.50
    Healthcare / Senior Housing
    $334,006

Location Insight

City
Lansing
County
Clinton
State
Michigan
Latitude
42.7781
Longitude
-84.6397
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$17,638
$82,750
$260,800
$343,550
-
$165,500
$521,600
$687,100

FAQs

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