6040 Martin Luther King Jr BlvdLansing, MI 48911

Property Details for 6040 Martin Luther King Jr Blvd

Year built

1955

Lot size

0.28 AC

Property size (Sq ft)

3,410 SF

Zone code

E-2 LOC

Property type

Grocery and convenience stores

APN

33-01-05-05-351-081

APU

33010505351081

Description

This 3,410 square foot storefront, located at 6040 South Martin Luther King Junior Boulevard in Lansing, Michigan, presents a compelling investment opportunity. Built in 1955, the property sits on a 0.3-acre lot and offers exceptional visibility, being adjacent to the popular 517 Coffee Company. Its prime location in south Lansing ensures high traffic volume, making it ideal for a variety of retail businesses. The ample parking available further enhances its appeal to both customers and employees. The asking price is $199,950. This property is perfect for entrepreneurs seeking a high-visibility location in a growing area of Lansing. The building's substantial size provides ample space for a wide range of retail operations or even office space. The property's location within Ingham County, Michigan, zip code 48911, offers easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-situated retail space in a dynamic market. Don't miss out on this chance to establish your business in a high-traffic, highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $313,584

  6.5%

  $289,462

  7%

  $268,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $676,953

  Geo Method

  $676,953

• Alternative Use

  Use

  Valuation

  Residential

  $244,172

  Hospitality

  $223,661

  Educational

  $186,083

  Medical

  $192,483

  Retail

  $289,462

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6715

Longitude

-84.5812

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].