6500 MercantileLansing, MI 48911

Property Details for 6500 Mercantile

Year built

1980

Lot size

2.50 AC

Property size (Sq ft)

30,401 SF

Zone code

G-2 WHO

Property type

Office properties

Property subtype

Office buildings

APN

33-01-05-10-176-118

APU

33010510176118

• CAP approach

  CAP return

  Valuation

  6%

  $1,901,824

  6.5%

  $1,755,530

  7%

  $1,630,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,843,710

  Geo Method

  $2,843,710

• Alternative Use

  Use

  Valuation

  Residential

  $2,176,857

  Hospitality

  $1,993,990

  Educational

  $1,658,976

  Medical

  $1,716,031

  Retail

  $2,580,629

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.665

Longitude

-84.5362

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $404,900
• Assessed land value
  $201,600
• Assessed value
  $606,500
• Tax year
  2020
• Tax bill
  $29,434

FAQs

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