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    1023 S Washington Ave Lansing, MI 48910

    New
    For Sale
    $652,000

    COMMERCIAL - Lansing, MI

    Property size:
    14,388 SF
    Lot size:
    0.42 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 1023 S Washington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    33-01-01-21-252-022
    Parking
    13
    Basement
    Partial
    Size
    14,388 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Ceiling, Forced Air, Radiant Ceiling, Natural Gas
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    1
    Flooring type
    Concrete, Terrazzo
    Building materials
    Wood Siding, Block

    Musselman Realty (517) 332-3582 [email protected]

    Listing agent Shawn Elliott (517) 896-7058 License #6501450872

    Listing date Dec 5, 2025

    Copyright © 2025 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic REO Town Marketplace Building

    This historic building, originally constructed in 1925 as a Hudson and Essex Auto dealership, is available for sale due to the current owner's retirement. The 14,388 square foot, one-story structure consists of two storefronts, 1023 and 1027 South Washington, and is situated at the entrance to REO Town on the east side of South Washington, between Hazel and Elm Streets, adjacent to Builders Hardware. Currently, the REO Town Marketplace houses seven tenants, primarily on month-to-month leases, paying $11 per square foot, which includes prorated utility charges. The storefronts are divided by an interior drive featuring a garage door providing vehicle access from South Washington to a large open space at the rear of the building. This rear space boasts 25-foot ceilings and an exposed steel truss system. The property includes parking for 13 vehicles on the north side, with additional on-street parking available on South Washington. The building sits on a 0.42-acre lot. An environmental study indicates no recognized environmental conditions related to past and present activities on the subject property. The building's intended use is commercial, with potential for retail or other business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Otherside Paranormal & Mortuary ... Museum Wayfaring Booksellers Book Store Voodoo's World of Oddtiques Antique Store MonkeyStuff Boutique Lansing Clothing Company Graphic Designer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Van Peenen's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.551894
    Latitude
    42.722325

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    FAQs

    What type of property is this?
    Storefront property - Unique 14,388 SF building in Lansing's REO Town.
    Where is this storefront property located?
    The property is located at 1023 S Washington Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $652,000.
    What are key features of this property?
    This property features: - Unique, historic building built in 1925, located at the entrance to REO Town.; - 14,388 sq ft building with two storefronts and existing tenants providing income ($11/sq ft).; - Interior drive with auto access garage door allows vehicle access to large open space in rear.
    (517) 896-7058
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    1023 S Washington Ave Lansing, MI 48910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1023 S Washington Ave Lansing, MI 48910
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