Fully leased Retail Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30762389
Property Subtypes: Street Retail, Vehicle Related
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $475,000
Unit Price: $59.38 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 10/20/2021

Overview / Comments

This fully leased retail investment is located in North Lansing and has flexible G2 Wholesale zoning. The property produces gross rents of $60,000 per year and is a 9 Cap at asking price.
Adjacent land to the north is included in the asking price.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing / Ingham County
Tax ID/APN: 33-01-01-04-228-071
Retail Clientele: General
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,621 76,734 174,580
Median Age: 33.76 32 33.08
Households: 2,643 31,798 68,845


Photograph of Listing Agent

Matthew Wisniewski, CCIM

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