5 Property Assemblage City of Lansing

Retail-Commercial for Sale
Catylist Listing ID: 30573831
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 20,319 SF
Gross Building Area: See Agent
Gross Land Area: 0.40 Acres
Sale Price: $500,000
Unit Price: $24.61 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Park Furniture
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2020

Overview / Comments

Rare 5 parcel assemblage encompasses 2/3's of the 900 Block of Saginaw Street in the City of Lansing. The property has more than 20,000 Sq Ft above ground with another 10,000+ of basement space.
The buildings have 8,015 Sq ft of second floor space which were all formerly used as apartments. Multiple staircases lead from the street as well as the rear entrances.
Parking is available both in the strip of land behind the building as well as the City of Lansing municipal lot adjacent.
Billboard income from a roof top billboard is included.
This is a rare opportunity to acquire a large section of a highly visible neighborhood and control the next chapter of its use. Additional buildings are available across the road in another listing. Please inquire for details.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing Ingham County
Tax ID/APN: Multiple
Zoning: F-1 COMMERCIAL
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 5
Number of Stories: 2
Property Condition: Fair
Year Built: 1910
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,884 87,753 188,826
Median Age: 30.96 34.62 33.36
Households: 6,586 37,739 76,475

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