Office Building and Detached Retail Building For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30795111
Building Size (RSF): 1,439 SF
Gross Land Area: 0.39 Acres
Sale Price: $119,900
Unit Price: $83.32 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2022

Overview / Comments

Professional Office Building plus a separate Retail Building available for sale on South Cedar Street. The office has 1,103 sf with a reception area (w/fireplace), 3 offices, kitchen and bathroom (w/shower) and sits on .389 acres which includes parking in front and behind the building. The backyard is fenced. The detached retail space has 336 sf and it is currently leased for $350 plus utilities per month in rent.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 33-01-01-33-326-231
Property Located Between: Cavanaugh and Holmes
Property Visibility: Good
Highway Access: I-496
Site Description: Office Building with surface parking in front and behind. Retail Building and Billboard Sign
Area Description: Street Retail and Office
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1938
Roof Type: Gable
Construction/Siding: Aluminum Siding
Parking Type: Surface
Parking Description: Surface parking in front and behind the office building.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: F Commercial
Lot Frontage: 92
Lot Depth: 184
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 27 & 28 Jessops Home gardens SUB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,375 93,997 208,491
Median Age: 37.59 32.96 33.05
Households: 5,080 38,650 82,762
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