Lansing, MI
Commercial Real Estate Market Trends & Data

$109 Avg asking sale price
$49 Avg asking lease rate
17,815 SF Avg unit lease size
37,839 SF Avg building size for sale
8.79% Average cap rate

Lansing's Demographic Profile

Lansing has 50,069 households and a median income of $47,516, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 114,204
# Households 50,069
Median age 35
Median household income $47,516
Avg household size 2.0
Renter-occupied housing units 25,251
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lansing, MI

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lansing $72 90,208 SF 11.07%
Holt $89 33,389 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Lansing $120 12,940 SF
East Lansing $126 30,044 SF
Holt $125 8,096 SF
Dimondale $699 429 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lansing $100 18,095 SF 14.10%
Williamston $75 6,300 SF 8.49%
Lake Odessa $169 11,040 SF 7.63%

Commercial Properties For Sale in Lansing

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Vacant Industrial Asset with Strong Upside

Lansing, MI 48910

  • 116,000 SF Industrial Building
  • Auction Sale
For Sale

Historical Occupancy & Stable NOI

Lansing, MI 48917

  • 19,954 SF Office Building
  • Auction Sale
For Sale

Prime Downtown Lansing Mixed-Use

Lansing, MI 48933

  • 18,700 SF Multifamily
  • 8.52% Cap Rate
  • $1,891,900
For Sale

5118 S Martin Luther King Jr Blvd

Lansing, MI 48911

  • 10,880 SF Retail Building
  • $850,000
For Sale

921 Terminal Rd

Lansing, MI 48906

  • 5,000 SF Industrial Building
  • $399,000
For Sale

728 N Cedar St

Lansing, MI 48906

  • 0.63 AC Lot
  • 1 Commercial Lot
  • $200,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Multifamily vs. Single-Family Investing ROI
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CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lansing pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lansing $109 37,839 SF
East Lansing $184 19,782 SF
Holt $220 20,153 SF
Okemos $105 24,787 SF
Dimondale $388 8,306 SF

Regional Demographic Comparison

This comparison places Lansing alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lansing or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
East Lansing 38,437 15,355 27 $38,986 2 9,994 1%
Holt 24,961 10,227 40 $77,502 2 3,306 -1%
Okemos 24,801 9,901 35 $90,586 2 4,031 -1%
Dimondale 1,219 493 52 $90,561 2 53 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lansing, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lansing

View All Commercial Real Estate For Sale in Lansing
Is Lansing a good market for a first-time commercial real estate investor?

Lansing offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lansing?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lansing. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lansing?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lansing. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lansing compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lansing. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lansing acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lansing, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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