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Freestanding Retail Building
New
For Lease
$14 SF/Yr

1623 S Washington Ave, Lansing, MI 48910

Remodeled commercial space with natural light, flexible interiors, and access from both Washington and Barnes avenues.

Space Size1,326 SF
Days on Market5

Property Features for 1623 S Washington Ave

General Information

Standard status Active
Size 1,326 SF
Property subtype Retail/Office
Lease Term NNN

Building Details

Building Size 1,326 SF
Year Built 1989

Spaces For Lease

at 1623 S Washington Ave Contact us

1623 S Washington $14/SF/Yr

Size
1,326 SF
Type
Street Retail
Term
Negotiable
Contact us
Listing Agency:
Listed By: Dave Robinson
Source: Naiglobal
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 11 at 5:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dave Robinson

Investment Insights

Based on property information with market context.

This freestanding retail property provides a flexible commercial layout with abundant natural light and a recently remodeled interior. The building was constructed in 1989 and is positioned at the corner of S Washington Avenue and Barnes Avenue in Lansing’s REO Town. On-site parking and access from both streets support convenient customer and employee arrival. The space is suited for retail, service, or office use where street exposure and a visible setting are important.

Key Highlights

  • Freestanding retail building constructed in 1989
  • Recently remodeled interior with a flexible layout
  • Natural light throughout the commercial space

Property Analytics

Current Use

Heritage Flooring LLC Carpet & Flooring Store

Suggested Use

Top Pick Bakery Skin Care Clinic Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

606
Businesses Nearby

Demographics for 48910, MI

33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value

Market

Lease Benchmarks for Lansing, MI

$25.3 /SF/Yr
Avg Asking Price
$3.53–$144 /SF/Yr
Price Range
13,940 SF
Avg Space Size

This space is priced 45% below the average of $25.3 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Remodeled commercial space with natural light, flexible interiors, and access from both Washington and Barnes avenues.
Where is this retail space located?
The property is located at 1623 S Washington Ave Lansing, MI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Freestanding retail building constructed in 1989; Recently remodeled interior with a flexible layout; Natural light throughout the commercial space
More about this property
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