6070 Martin Luther King Jr BlvdLansing, MI 48911

Property Details for 6070 Martin Luther King Jr Blvd

Year built

1935

Lot size

0.91 AC

Property size (Sq ft)

11,996 SF

Zone code

J & F

Property type

Retail space

APN

33-01-05-05-353-012

APU

33010505353012

Description

This exceptional 1,900 square foot retail suite, located at 6070 S MLK, Suite B, Lansing, MI, presents a fantastic opportunity for businesses seeking a modern and well-appointed space. Situated in the Eric's Cycle retail center, just north of I-96 on S Martin Luther King, this single-tenant suite boasts a prime location with excellent visibility. Recently renovated, the suite features a brand-new restroom, a high-efficiency furnace, and complete insulation, ensuring a comfortable and energy-efficient environment. Natural light floods the space through large windows spanning over 39 feet of frontage, creating an inviting atmosphere for customers. A rear entry provides convenient access for deliveries and waste disposal. The property also benefits from a recently repaved and restriped parking lot, offering ample parking for customers. Utilities are separately metered for gas and electricity, and monthly trash service is $45. The building is a single-story, 11,996 square foot structure on a 0.91-acre lot, zoned F. This is a fully renovated, move-in ready space ideal for a variety of retail businesses. Don't miss this chance to establish your business in a thriving location with excellent amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,083,650

  6.5%

  $1,000,300

  7%

  $928,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $982,800

  Geo Method

  $982,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,200,770

  Mixed-Use / Specialty

  $895,666

  Hospitality / Lodging

  $525,542

  Office

  $785,081

  Institutional / Educational

  $895,012

  Residential Income

  $1,047,160

  Multifamily

  $1,816,190

  Automotive / Energy

  $767,153

  Parking / Income-Based Land

  $364,584

  Restaurant / Food Service

  $250,155

  Healthcare / Senior Housing

  $1,022,130

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.671

Longitude

-84.5821

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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