Old US 27 - 16991-16999

Retail-Commercial for Sale
Catylist Listing ID: 30625960
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 14,766 SF
Gross Building Area: See Agent
Sale Price: $399,900
Unit Price: $27.08 PSF
Property Use Type: Investment
Building Name: Northeast Plaza
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/29/2020

Overview / Comments

• Fully leased investment opportunity with good cash flow
• 14,766 SF retail strip center at 16991, 16995 & 16999 Old US
27 and 711 Sheridan Rd
• 7 separate suites
• 30 parking spaces
• Well-maintained with many updates including electrical, roof,
windows and paint
• Great visibility at the traffic light

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 050-034-300-050-00
Road Type: Paved
Property Visibility: Good
Area Description: NE Corner of US 27 & Sheridan Rd.
Tenancy: Multiple Tenants

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,322 75,455 177,176
Median Age: 35.06 32.07 33.3
Households: 2,171 31,317 69,748


Photograph of Listing Agent

Frank Woronoff

NAI Mid-Michigan CPIX Member
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