54-Unit Apartment
For Sale
$650,000
2199 Lansing St, Detroit, MI 48209
Multifamily property with completed roof, window, structural, and mechanical improvements plus an adjacent parcel for potential parking.
Property Size36,184 SF
Days on Market174
Property Features for 2199 Lansing St
General Information
Standard status
Active
Size
36,184 SF
Property subtype
Multifamily
Occupancy
53%
Site & Location
Neighborhood
Central Southwest
Additional Details
Multifamily Units
54
Amenities
Auction - October 19-21 | Starting Bid: $650,000
Major Capital Improvements Complete: Roof, windows, structural, and mechanical upgrades are complete, cutting near-term capex needs.
Adjacent Parcel Adds Parking Upside: The offering includes an adjacent parcel with potential to create 25-plus new parking spaces.
Significant Lease-Up Upside Remains: The property is only 53 percent occupied today, leaving 47 percent of units to stabilize.
Steps from Riverfront Expansion: Located minutes from the new Riverside Park and Detroit Riverfront expansion project.
Building Details
Building Size
36,184 SF
Units
54
Listing Agency:
Detroit Office
Listed By:
Tyler Sarter · License #License(s): GA: 401639, MI: 6501468604
(248) 415-2604
Source:
Marcusmillichap
Added: May 14
Changed: Nov 2
Last Checked: Nov 3 at 3:05AM
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 Detroit Office
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Investment Insights
Based on property information with market context.
The Lansing Apartments is a 54-unit multifamily property at 2199 Lansing St in Detroit, Michigan. Completed capital work includes the roof, windows, structural components, and mechanical systems. The property also includes vacant units that can be renovated and leased, providing an operational path for further improvement.
An adjacent parcel is part of the offering and may accommodate 25+ parking spaces. The property is situated in Detroit’s Southwest submarket, minutes from Riverside Park and the Detroit Riverfront expansion project.
An adjacent parcel is part of the offering and may accommodate 25+ parking spaces. The property is situated in Detroit’s Southwest submarket, minutes from Riverside Park and the Detroit Riverfront expansion project.
Key Highlights
- 54‑unit apartment property in Detroit’s Southwest submarket
- Completed improvements to the roof, windows, structural components, and mechanical systems
- Adjacent parcel may support the creation of 25+ parking spaces
Property Analytics
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Lease Details
54
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with completed roof, window, structural, and mechanical improvements plus an adjacent parcel for potential parking.
Where is this apartment building located?
The property is located at 2199 Lansing St Detroit, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 54‑unit apartment property in Detroit’s Southwest submarket; Completed improvements to the roof, windows, structural components, and mechanical systems; Adjacent parcel may support the creation of 25+ parking spaces
