Former Lansing State Journal Building

Industrial for Sale
Catylist Listing ID: 30630849
Property Subtypes: Free-Standing, Mixed Use, Other
Building Size (RSF): 92,299 SF
Gross Building Area: See Agent
Gross Land Area: 2.02 Acres
Sale Price: $4,000,000
Unit Price: $43.34 PSF
Ceiling: 12 ft.
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/16/2021

Overview / Comments

The offering is a premier Class B low-rise vacant office building
presented as a mixed-use redevelopment opportunity. Located in
an Opportunity Zone, this site has terrific potential for investors
and developers of multifamily executive lofts or independent living
residences with five-star amenities as well as for corporate
occupiers. The landmark building has many attributes for
reinvestment and is positioned in the amenity-rich Central
Business District of Lansing.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-01-01-16-455-091
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1950
Year Renovated: 2006
Roof Type: Flat
Parking Type: Surface
Parking Description: Parking near building and separate lot included
Total Parking Spaces: 185
Eave Height: 12
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,071 114,625 209,763
Median Age: 30.36 32.82 32.84
Households: 6,223 48,489 83,762


Photograph of Listing Agent

Frank Woronoff

NAI Mid-Michigan
Not a member of CPIX
Photograph of Listing Agent

Ryan Shapiro

NAI Mid-Michigan
CPIX Member
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