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: $900,000
Unit Price: $20.81 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/29/2022

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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Shawn H. O'Brien, CCIM

Colliers Lansing CPIX Member
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