Office/Retail on Cedar Street

Office for Sale
Catylist Listing ID: 30024904
Property Subtypes: Medical, Office Building
Building Size (RSF): 4,000 SF
Gross Land Area: 11,316 SF
Sale Price: $189,000
Unit Price: $47.25 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 2,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/30/2017

Overview / Comments

Excellent location on Cedar Street to own your building and have half your building already rented with a long term tenant.

Building space available is currently set up with 4 offices, a small conference room, bathroom and a kitchen/Break Room.

The space can be utilized for an office or retail. Entrance is off Cedar Street.

Perfect for Attorney office, Insurance office, small retail business or any business that desires a high traffic count and visibility.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 31-01-01-28-256-072
Zoning: F-COMMERCIAL (OFFICE, RESTAURANT, RETAIL)
Property Located Between: Cedar Street and GreenLawn
Property Visibility: Good
Highway Access: I-496 1.5 miles
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1957
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick, Stucco
Exterior Description: Majority of the building is Brick, well maintained and has insulated vinyl slider windows. Flat roof with HVAC and aluminum gutters and downspouts.
Parking Type: Surface
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lot Frontage: 55
Lot Depth: 205
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Commencing 44 feet south of the southeast corner of Lot 68, Thence West 205.75 feet, South 55 feet, East 205.75 feet, North 55 feet to beginning, Section 28, T4N, R2W, City of Lansing.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,907 109,795 222,970
Median Age: 34 32.6 33.03
Households: 6,873 45,754 89,001
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