227-229 S Washington Sq 8,900 SF 53% Leased Retail Building Lansing, MI 48933 $650,000 ($73.03/SF)
INVESTMENT HIGHLIGHTS
- Heavy foot traffic
- All Equipment stays
- Office and Restaurant Space
EXECUTIVE SUMMARY
Welcome to 227/229 S Washington Square Lansing, MI 48933! Enjoy this renovated prime downtown commercial real estate. The upper level features large windows overlooking the downtown area, 11 total offices, men and women's bathrooms, kitchen area, and spacious conference room. The lower level is set up for a restaurant and offers tons of seating, a beautiful bar area, dance floor, 2 sets of his and hers bathrooms as well as a huge kitchen. (All equipment stays) As well as a full basement with commercial grade walk in refrigerators and tons of storage!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
8,900 SF
Building Class
C
Year Built
2006
Price
$650,000
Price Per SF
$73.03
Percent Leased
53%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.70
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
G-1 - 201 COMMERCIAL-IMPROVED
Frontage
42’ on S Washington Sq
AMENITIES
- Corner Lot
- Restaurant
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $376,200 | |
| Land Assessment | $25,400 | Total Assessment | $401,600 |
