REO Town Lansing Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 30716280
Property Subtypes: Office Building
Building Size (RSF): 22,968 SF
Gross Land Area: 0.93 Acres
Sale Price: $950,000
Unit Price: $41.36 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2021

Overview / Comments

This highly visible corner of South Washington Avenue contains a 3 story building, last used as office and a massive fenced parking lot (80 spaces) that extended the entire block behind the properties on Washington to Hazel Street.
The highly desirable REO Town corridor is home to the Lansing BWL CO Generation Plant as well as numerous restaurants, shopping, galleries and night life.
The site would make an ideal multifamily redevelopment or a corporate headquarters.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing / Ingham County
Tax ID/APN: 33-01-01-21-252-037
Zoning: F COMMERCIAL / J PARKING

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,571 111,011 209,763
Median Age: 32.52 32.95 32.84
Households: 6,940 46,725 83,762

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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