CBD Office Building Investment Opportunity, Washington Square

Office for Sale
Catylist Listing ID: 30045110
Property Subtypes: Office Building
Building Size (RSF): 33,728 SF
Gross Land Area: 0.28 Acres
Sale Price: $2,700,000
Unit Price: $80.05 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.3%
Last Updated: 11/15/2019

Overview / Comments

4-story office structure anchored by the YMCA along with Lansing Art Gallery and Flex City. Building has passenger and freight elevators. Metered doorstep parking and ramps nearby.

Located in the heart of the Lansing CBD on the southwest corner of Washington Square and Ottawa Street. Walking distance to State Capitol and Radisson Hotel.

Attachments & Media

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 33-01-01-16-183-113
Zoning: NO
Property Located Between: Michigan Avenue and Ottawa St.
Property Visibility: Excellent
Area Description: Walking distance to the State Capitol and Radisson Hotel.
Number of Stories: 4
Year Built: 1930
Year Renovated: 2007
Construction/Siding: Brick
Exterior Description: Brick/steel structure
Parking Description: Parking in city system.
Zoning Description: Zoned office.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,366 101,968 203,809
Median Age: 30.1 33.26 32.8
Households: 6,806 43,150 81,305

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