Redevelopment Opportunity on S. Martin Luther King Jr. Blvd.
Retail-Commercial
for Sale
| Catylist Listing ID: |
30762795 |
| Property Subtypes: |
Street Retail
|
| Building Size (RSF): |
43,241 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
5.43 SF
|
| Sale Price: |
$795,000 |
| Unit Price: |
$18.39 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/30/2023 |
Overview / Comments
|
Former bowling alley with 5+ acres of paved parking. The property has a secured fenced-in storage area in the rear. Located 1.2 miles from the I-96 interchange.
|
Additional Details
| Nearest MSA: |
Lansing-East Lansing |
| County: |
Ingham |
| Taxing Authority: |
City of Lansing |
| Tax ID/APN: |
33-01-05-05-226-090 |
| Zoning: |
MXC |
| Largest Nearby Street: |
Martin Luther King Jr. Blvd. |
| Tenancy: |
Single Tenant |
| Number of Stories: |
1 |
| Year Built: |
1960 |
| Total Parking Spaces: |
460 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,414 |
82,359 |
188,380 |
| Median Age: |
34.84 |
35.72 |
33.91 |
| Households: |
6,691 |
34,460 |
76,542 |
|
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