2300 Lake Lansing RdLansing, MI 48912

Property Details for 2300 Lake Lansing Rd

Lot size

1.76 AC

Zone code

F COMME

Property type

Commercial real estate

APN

33-21-01-02-327-011

APU

33210102327011

Description

This exceptional 7.25-acre retail redevelopment opportunity is located at 2300 Lake Lansing Road in Lansing, Michigan. Boasting 23,000 square feet of potential development space, this site presents a unique chance to establish a thriving business in a high-traffic area. Situated on Lake Lansing Road, east of US-127 and west of Wood Street, the property benefits from unparalleled visibility and accessibility. Its strategic location within a bustling commercial district ensures a constant flow of potential customers. The surrounding area is a mix of established businesses, offices, and residential neighborhoods, creating a diverse and robust customer base. This prime location offers significant potential for retail success, attracting foot traffic from multiple directions. The property's size and location make it ideal for a variety of retail concepts, providing ample space for development and expansion. The asking price is $5,250,000. Schedule a site visit to explore this remarkable opportunity to build your retail vision in a thriving Lansing community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,435,540

  6.5%

  $5,017,420

  7%

  $4,659,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,171,340

  Geo Method

  $7,171,340

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,065,100

  Retail / Commercial

  $6,392,850

  Mixed-Use / Specialty

  $5,724,170

  Hospitality / Lodging

  $3,358,720

  Office

  $5,017,420

  Institutional / Educational

  $5,719,990

  Residential Income

  $6,692,390

  Multifamily

  $11,607,200

  Automotive / Energy

  $4,902,850

  Parking / Income-Based Land

  $2,330,040

  Restaurant / Food Service

  $1,598,730

  Healthcare / Senior Housing

  $6,532,380

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7596

Longitude

-84.5178

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].