Catylist ID:
#30630849
| 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: | 2/23/2021 |
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. |
Attachments & Media
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 |
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 |
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