2510 Michigan AveLansing, MI 48912

For Sale
$495,000 View listing
  • Warehouses
  • 5,778 SF

Property Details for 2510 Michigan Ave

Year built
1959
Lot size
0.29 AC
Property size (Sq ft)
5,778 SF
Zone code
F COMM
Property type
Warehouses
APN
33-01-01-14-327-462
APU
33010114327462

Description

This exceptional 5,778 square foot retail property, located at 2510 E Michigan Ave in Lansing, Michigan, presents a unique investment opportunity. Currently entirely vacant, this building offers immediate occupancy for a single tenant or the potential for multiple tenants. The property features two suites, with a minimum divisible space of 1,778 square feet and a maximum contiguous space of 4,000 square feet. Built in 1959, the building sits on a sizable 10,835 square foot lot and provides convenient on-site parking for 25 vehicles. Its prime location directly on Michigan Avenue ensures high visibility and accessibility for customers. The property's previous use as a fitness center suggests adaptability for various retail businesses. The building's total square footage is 5,778 square feet, offering significant space for a variety of commercial ventures. Located in Ingham County, with a zip code of 48912, this property benefits from excellent access to major transportation routes and a thriving local community. This is an ideal opportunity for businesses seeking a prominent location with ample space and parking in a busy Lansing commercial corridor. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $413,732
    Hospitality
    $378,977
    Educational
    $315,304
    Medical
    $326,148
    Retail
    $490,473
2510 Michigan Ave, Lansing, Michigan

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.7333
Longitude
-84.5158
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$11,724
$44,000
$167,300
$211,300
-
$88,000
$334,600
$422,600

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