PRICE REDUCED!Downtown Office Building For Sale

Office for Sale
Catylist Listing ID: 30398015
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 3,707 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $155,000
Unit Price: $41.81 PSF
Property Use Type: Business
Building Name: N/A
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2019

Overview / Comments

Former insurance company, office building is centrally located to Lansing's Downtown, Old Town and Mid-town Area. The building is Mixed Use with a 900 sq.ft apartment on the third floor, with it's own separate entrance. The apartment is currently leased on a month to month basis.

The office space, is nearly 3,000 sq. ft, covers 2 floors, and is currently vacant. There is a 3 stall garage, and 600 sq.ft. shed included in the property.

SEE VIDEO TOUR HERE: https://rem.ax/2LcRfmX

The owner has kept the property well maintained over the years. He has replaced the siding, storm doors/windows, fascia & front, garage siding, doors & openers, electric service, cement floor, added insulation and stabilized the walls, replaced both furnaces (95% efficient) installed 2 new air-condition units, 1 new hot water heater, and installed a new roof & chimney.

Attachments & Media

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-01-01-09-378-131
Zoning: D-1 PROFESSIONAL OFFICE
Property Located Between: Oakland & Grand River
Property Visibility: Excellent
Highway Access: Close to U.S. 127, & I-496
Site Description: Typical downtown mixed use office/residential space
Area Description: Established mix of residential, office & retail
Total Number of Buildings: 3
Number of Stories: 3
Typical SF / Floor: 1,500 SF
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: 10 parking places in rear of building, and street parking
Total Parking Spaces: 16
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite
Interior Description: Private office space w/reception area
Zoning Description: Property Class = Cpommercial Improved
Lot Frontage: 66
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Municipal
Land Ownership: Fee Simple
Legal Description: Lot 3 and E 1/5 of Lot 10, Block 44, orig. Plat

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,330 91,206 197,052
Median Age: 30.11 32.95 32.87
Households: 7,895 38,564 78,443

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