824 N. Capitol Ave.

Office for Sale
Catylist Listing ID: 29819078
Property Subtypes: Office Building
Building Size (RSF): 2,145 SF
Sale Price: $147,000
Unit Price: $68.53 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class C
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/28/2016

Overview / Comments

The building is leased to a non-profit on a month to month basis. This is a typical downtown home that has been converted to office use years ago. The home is well appointed and cared for. Owners have retained much of the original woodwork and flooring, including pocket doors on the first floor. The sight is but 8 blocks from the State Capitol, City Hall, LCC, and Cooley Law School. This particular block is in a very nice, quiet, professional part of the Downtown Central District. There are 9 private parking spaces that transfer with the building.

Note: This property can be purchased as a package with 820 N. Capitol, and/or 819 Washington Ave. All three properties are in excellent condition, and very well maintained. Package pricing negotiable. See Listing Agent.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City Of Lansing
Tax ID/APN: 33-01-01-09-031-012
Zoning: D-1 PROFESSIONAL
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Taxi
Highway Access: Less than 5 min. to I 496.
Site Description: Vintage Downtown Lansing neighborhood.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1904
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 9
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Lovely hardwood floors and trim
Zoning Description: D-1 Professional
Lot Frontage (Feet): 66
Lot Depth: 165
Land Ownership: Fee Simple
Legal Description: Lott 11 Block 51 Original Plat

Attachments & Media


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,623 95,811 193,186
Median Age: 30.83 33.15 32.83
Households: 8,034 40,493 76,659

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