Pine and Ionia Street Portfolio

Multi-Family for Sale
Also listed as Office
Catylist Listing ID: 29999309
Property Subtypes: Mixed Use, Other
Number of Units: 5 Units
Building Size (RSF): 11,606 SF
Gross Building Area: See Agent
Gross Land Area: 1.08 Acres
Sale Price: $725,000
Unit Price: $145,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/30/2016

Overview / Comments

Great redevelopment opportunity three blocks from the State Capitol building in Downtown Lansing. The portfolio consists of five buildings and a parking lot totaling 1.08 acres of land. Currently zoned a mixture of residential and commercial, an investor can control a large block of properties in an infill location.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 33-01-01-16-156-405; 33-01-01-16-156-403; 33-01-01-16-157-011; 33-01-01-16-157-091; 33-01-01-16-157-001; 33-01-01-16-156-401
Zoning: COMMERICAL AND RESIDENTIAL
Property Located Between: Located less than half a mile south of I-69 and one mile north of I-496.
Total Number of Buildings: 5

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,783 95,998 201,617
Median Age: 31.68 34.22 32.93
Households: 6,644 41,705 80,403

Contact

Photograph of Listing Agent

Christopher T. Miller

CBRE | Martin CPIX Member
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