Freestanding Flex Space
New
For Sale
$178,000
16583 S US Highway 27, Lansing, MI 48906
Two-unit commercial layout with updated exterior components and access to multiple regional highways.
Property SizeContact for details
Days on Market3
Property Features for 16583 S US Highway 27
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,710
Building Details
Year Built
1950
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
SPROAT REALTY PROFESSIONALS
(517) 206-3332
Listed By:
SUSAN M MOHLMAN · License #6502111869
(517) 206-3332
Source:
Elliman
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 5:07AM
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 SPROAT REALTY PROFESSIONALS
Investment Insights
Based on property information with market context.
This freestanding flex space building is currently arranged as two units, providing a divided commercial layout for owner occupancy or separate operations. Recent property improvements include a newer TPO roof, high-efficiency windows, updated siding, and a side commercial entrance. The building has previously been used with an apartment component; any residential conversion or reuse should be reviewed with the municipality for zoning compliance.
The property fronts the Old US-27 corridor and offers access to US-127, I-69, I-496, and I-96. Side parking has been used by the building owner since 2001, although that parking area is owned by Granger. WalkScore is 58, BikeScore is 59, and TransitScore is 34. The building was constructed in 1950.
The property fronts the Old US-27 corridor and offers access to US-127, I-69, I-496, and I-96. Side parking has been used by the building owner since 2001, although that parking area is owned by Granger. WalkScore is 58, BikeScore is 59, and TransitScore is 34. The building was constructed in 1950.
Key Highlights
- Freestanding building currently configured as 2 units
- Newer TPO roof, high‑efficiency windows, updated siding, and side commercial entrance
- Located along the Old US‑27 corridor
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-unit commercial layout with updated exterior components and access to multiple regional highways.
Where is this flex space located?
The property is located at 16583 S US Highway 27 Lansing, MI.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Freestanding building currently configured as 2 units; Newer TPO roof, high‑efficiency windows, updated siding, and side commercial entrance; Located along the Old US‑27 corridor
