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    OFF-MARKET
    Retail space

    228 Washington Sq 27, Lansing, MI 48933-1808

    6,750 SF 0.08 ac lot Built 1925
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-4301599
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a two-story brick building totaling 9,677 square feet, situated at the highly visible corner of South Washington Square and Washtenaw Street in vibrant downtown Lansing, Michigan. Built in 1925, the property offers a unique blend of historical charm and modern commercial potential. The entire 9,677 square feet is currently vacant, providing a blank canvas for a single large tenant or the possibility of dividing the space. Flexible lease terms are available to accommodate various business needs. Minimum divisible space starts at 3,083 square feet, with a maximum contiguous space of 6,594 square feet. This prime location boasts exceptional foot traffic and visibility, benefiting from its proximity to key Lansing landmarks. Within easy walking distance are the State Capitol building, Lansing Community College, Davenport University, Cooley Law School, and Jackson Field, ensuring a consistent flow of potential customers. The property's Ingham County location offers convenient access to major transportation routes and a thriving urban environment. This is an unparalleled chance to establish a presence in a bustling downtown area with a rich history and bright future. Contact us today to learn more about this remarkable retail space.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1925
    Total area 6,750 SF
    Lot 0.08 ac (3,333 SF)
    Zoning code G-1 BUS
    APN 94-33-02-16-328-051
    UPID US43-4301599
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SR Drivers Insurance of Lansing Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    EYDE GEORGE F FAMILY L L C
    EYDE GEORGE F FAMILY L L C
    Zoning & alternative use
    G-1 BUS · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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