Investment Sale - Auto Lab

Retail-Commercial for Sale
Catylist Listing ID: 30388101
Property Subtypes: Street Retail, Other
Building Size (RSF): 3,118 SF
Gross Building Area: See Agent
Sale Price: $825,000
Unit Price: $264.59 PSF
Property Use Type: Investment
Building Name: Auto-Lab
Sale Terms: Cash to Seller
Cap Rate: 7.1%
Last Updated: 9/10/2019

Overview / Comments

- 3,118 SF free standing building
- Asking $825,000
- 8% Cap Rate
- Specifically built for Auto-Lab
- All brick building with pitched roof
- 8 repair bays
- Tenant has been in possession for 15 years
- Located on a 5 lane road
- Only 1.25 miles from I-96

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 01-05-03-326-005

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,268 80,202 191,814
Median Age: 36.5 34.65 33.24
Households: 4,970 33,973 75,352
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