511 Hazel StLansing, MI 48912

Property Details for 511 Hazel St

Year built

1947

Lot size

0.11 AC

Property size (Sq ft)

1,604 SF

Zone code

H LT IN

Property type

Turn key restaurants

APN

33-01-01-21-231-032

APU

33010121231032

Description

This 1,604 square foot storefront located at 511 E Hazel St, Lansing, Michigan, presents a compelling investment opportunity. Situated on a highly visible corner lot in Ingham County, this retail space is ideal for a variety of businesses. The property boasts shared private parking, providing convenient access for customers and employees. Priced at $150,000 ($93.52 per square foot), this property offers significant potential for growth and expansion. Its prime location in the Lansing area, coupled with its ample square footage and convenient parking, makes it an attractive option for entrepreneurs and investors alike. The property's address is 511 E Hazel St, Lansing, MI 48912 (APN: 33-01-01-21-231-032). The building's versatility allows for adaptation to various retail or office uses. Don't miss this chance to acquire a well-positioned commercial property in a thriving market. The property's strategic location ensures high visibility and accessibility, making it an excellent investment for long-term growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $147,504

  6.5%

  $136,158

  7%

  $126,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $378,096

  Geo Method

  $378,096

• Alternative Use

  Use

  Valuation

  Residential

  $114,854

  Hospitality

  $105,206

  Educational

  $87,530

  Medical

  $90,540

  Retail

  $136,158

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7235

Longitude

-84.5448

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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