1417 MichiganLansing, MI 48912

  • Retail properties
  • 6,944 SF
For Lease
$10/SF/YR View listing

Property Details for 1417 Michigan

Year built
1906
Lot size
0.46 AC
Property size (Sq ft)
6,944 SF
Zone code
F-1 COM
Property type
Retail properties
Property subtype
Turn key restaurants
APN
33-01-01-15-259-073
APU
33010115259073

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $638,572
    6.5%
    $589,451
    7%
    $547,347
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,636,845
    Geo Method
    $1,636,845
  • Alternative Use

    Use
    Valuation
    Residential
    $497,224
    Hospitality
    $455,454
    Educational
    $378,933
    Medical
    $391,965
    Retail
    $589,451
1417 Michigan, Lansing, Michigan

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.7339
Longitude
-84.5305
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $329,600
  • Assessed land value
    $69,400
  • Assessed value
    $399,000
  • Tax year
    2020
  • Tax bill
    $12,527

FAQs

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