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    228 Washington Sq Lansing, MI 48933

    Sponsored
    For Lease
    $20 SF/Yr ($16,128 /Mo)

    Prime Lansing location, 9,677 SF available

    Lot size:
    9,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 228 Washington Sq

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,677 SF
    Total Rate
    16128.33

    Building Details

    Year Built
    1925
    Stories
    2

    Unit(s) available at that property

    Space
    Suite #100
    Size
    3,083 SF
    Rate per SF
    $20

    HighLights

    • 3,083 SF of first‑floor space available at 228 S. Washington Square.
    • 6,594 SF of second‑floor space available at 110 W. Washtenaw.
    • Excellent walkability to numerous amenities including fitness centers, dry cleaners, grocery stores, restaurants, and retail shops.
    • Located directly across from the Knapp's Centre Redevelopment project.
    • Corner location at Washington Square and W. Washtenaw Street in Downtown Lansing.
    • Convenient proximity to educational and medical institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    SR Drivers Insurance ... Commercial Agent

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.552747
    Latitude
    42.7314722

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Lansing location, 9,677 SF available
    Where is this lifestyle center located?
    The property is located at 228 Washington Sq Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,083 SF of first-floor space available at 228 S. Washington Square.; 6,594 SF of second-floor space available at 110 W. Washtenaw.; Excellent walkability to numerous amenities including fitness centers, dry cleaners, grocery stores, restaurants, and retail shops.
    Request Owner's contact information
    228 Washington Sq Lansing, MI 48933
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 Washington Sq Lansing, MI 48933
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