Mixed Use Retail/Commercial and Three Apartments

Retail-Commercial for Sale
Catylist Listing ID: 30737252
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 3,844 SF
Gross Land Area: 0.10 Acres
Sale Price: $315,000
Unit Price: $81.95 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

The property is mixed-use located in the E Michigan Ave corridor at the corner of Michigan and Custer.

It is between Sparrow Hospital and The Church of The Resurrection.

The apartments consist of two 2-bedroom units, and one 1-bedroom unit.

The street-retail/commercial is currently a salon.

The units have on-site parking plus street parking on both Michigan and Custer.

Please contact the listing agent for all financial information.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing
Tax ID/APN: 33-01-01-15-259-151
Zoning: F-1 COMMERCIAL
Retail Clientele: General, Business
Property Located Between: Custer and Ferguson
Property Visibility: Excellent
Feet of Frontage: 44
Site Description: Northeast corner of E Michigan Ave and Custer.
Area Description: Mixed use Street retail Commercial
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Roof Type: Other
Construction/Siding: Block, Vinyl Siding
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: Four on site. Street parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 44
Lot Depth: 97
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 33-01-01-15-259-151

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,893 111,073 205,604
Median Age: 30.68 31.04 32.76
Households: 6,730 43,897 81,977

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