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Freestanding Retail Building

1623 S Washington Ave, Lansing, MI 48910

For Lease
$14 SF/Yr

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

Space Size1,326 SF
Days on Market99

Property Features for 1623 S Washington Ave

General Information

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

Site & Location

Neighborhood Fabulous Acres

Building Details

Building Size 1,326 SF
Year Built 1989

Spaces For Lease

at 1623 S Washington Ave
1623 S Washington $14/SF/Yr
Size 1,326 SF
Type Street Retail
Term Negotiable
Contact us
Listing Agency: NAI Mid-Michigan
Listed By: Dave Robinson · License MI #6502386052
Source: Naiglobal
Added: Aug 8 Changed: Nov 5 Last Checked: Nov 12 at 5:08AM

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 NAI Mid-Michigan

Rey
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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

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Lansing, MI

$16.03 /SF/Yr
Avg Asking Price
$5.79–$96 /SF/Yr
Price Range
12,927 SF
Avg Space Size

This space is priced 13% below the average of $16.03 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Lansing, MI

$29.41 Jul
$14.91 Aug
$15.05 Sep
$15.32 Oct

Properties on Market for Retail space in Lansing

Jul
Aug
Sep
Oct

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

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
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