3316 Martin Luther King Jr BlvdLansing, MI 48910

Property Details for 3316 Martin Luther King Jr Blvd

Year built

1962

Lot size

0.52 AC

Property size (Sq ft)

2,878 SF

Zone code

H LT IN

Property type

Office properties

Property subtype

Office buildings

APN

33-01-01-29-451-032

APU

33010129451032

Description

This exceptional 2,878 square foot retail space is ideally situated on a high-traffic section of South Martin Luther King Jr. Boulevard in Lansing, Michigan. The property boasts a single-tenant occupancy, offering a versatile space suitable for a wide range of commercial uses. The building sits on a sizable 0.524-acre lot, providing ample space for potential expansion or outdoor amenities. Currently, the entire 2,878 square feet is vacant, presenting a unique opportunity for a business to establish a strong presence in a thriving area of Lansing. The property's location ensures high visibility and accessibility for customers, making it an attractive option for businesses seeking a prominent location. The address is 3316 South Martin Luther King Jr. Boulevard, Lansing, MI 48910. This property is zoned for commercial use and offers significant potential for growth and profitability. The building's size and location make it an excellent investment opportunity for entrepreneurs and businesses looking to expand their operations in a busy and convenient location within the Lansing community. The property is ready for immediate occupancy. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $180,042

  6.5%

  $166,192

  7%

  $154,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,810

  Geo Method

  $226,810

• Alternative Use

  Use

  Valuation

  Residential

  $206,079

  Hospitality

  $188,767

  Educational

  $157,052

  Medical

  $162,453

  Retail

  $244,303

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6982

Longitude

-84.5678

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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