Nice Find - Development/Investment

Vacant Land for Sale
Catylist Listing ID: 30443731
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 4.05 Acres
Sale Price: $200,000
Unit Price: $49,382 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2019

Overview / Comments

Value is in the land. There is a 1,400 sq. ft. home on the property with a current tenant with a lease that expires in Oct. 2019. Therefore, it's possible to keep/get a tenant which would provide some income.

The other option is to remove the current building. Possible uses would be Multi-family, office, or possibly church.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing
Tax ID/APN: 33-01-05-06-301-011
Property Located Between: Jolly & Miller Rds
Property Visibility: Excellent
Legal Description: Lots 3 & 4 Supervisors Plat of Glendale
Largest Nearby Street: Jolly Rd
Feet of Frontage: 297
Highway Access: Easy Access to I-96
Site Description: 4+ acres with one 1,400 sq. ft. House
Lot Frontage: 297
Lot Depth: 594
Zoning Description: Residential
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,597 64,953 152,598
Median Age: 30.84 36.25 35.75
Households: 3,126 27,044 65,048


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