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Freestanding Flex Building
For Sale
$178,000

16583 S US Highway 27, Lansing, MI 48906

Commercial Sale, Lansing, MI

Property Size2,744 SF
Lot Size0.23 Acres
Price / SF$64.87
Days on Market48

Property Features for 16583 S US Highway 27

General Information

Property type Commercial Sale
Property subtype Retail
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Interior features Broadband
Elementary school district Lansing
Middle school district Lansing
High school district Lansing
Directions Located on the east side of the road next to Granges Meadows Lane
Standard status Active
APN 050-034-300-015-00
Size 2,744 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BEG 250 FT S OF NW COR OF SW 1/4 SEC 34 T5NR2W TH E 200 FT S 50 FT W 200 FT N 50 FT RO POB EXC W 50 FT FOR HWY PRP'S
Tax Annual Amount 2710
Legal Description BEG 250 FT S OF NW COR OF SW 1/4 SEC 34 T5NR2W TH E 200 FT S 50 FT W 200 FT N 50 FT RO POB EXC W 50 FT FOR HWY PRP'S

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1950
Number of units 1
Listing Agency: Sproat Realty Professionals-J
Listed By: SUSAN M MOHLMAN · License #6502111869
Added: Aug 7 Changed: Sep 16 Last Checked: Sep 23 at 8:06PM
MLS# 26041421

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This freestanding flex property contains 2 units within 2,744 square feet. Recent physical updates include a newer TPO roof, high-efficiency windows, refreshed siding, and a new commercial entrance along the side of the building. Interior amenities include broadband, forced-air heating, central air, and two bathrooms.

The property is located at 16583 S US Highway 27 in Lansing, Michigan, along the Old US-27 corridor. Access is available to US-127, I-69, I-496, and I-96. The 0.23-acre parcel is identified for commercial use in the listing and includes cable availability. The existing two-unit configuration supports a range of retail, office, service, contractor, or flex-oriented applications described for the building.

Key Highlights

  • 2,744‑square‑foot freestanding commercial building
  • Configured as 2 units
  • 0.23‑acre parcel along S US Highway 27

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Restaurant Law Firm Storage Facility HVAC Service 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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

163
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Lansing catering LLC 3212 N East St, Lansing, MI 48906

Frequently Asked Questions

What type of property is this?
Flex space - Two-unit commercial building with updated exterior components and a dedicated side entrance.
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: 2,744‑square‑foot freestanding commercial building; Configured as 2 units; 0.23‑acre parcel along S US Highway 27
More about this property
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