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    228 Washington Sq Lansing, MI 48933

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, High Visibility

    Lot size:
    3,083 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,083 square foot storefront presents a remarkable opportunity in the vibrant heart of downtown Lansing. Located on South Washington Square, this single-tenancy space boasts an impressive, open floor plan, providing unparalleled flexibility for a diverse range of retail or office uses. Its strategic location directly adjacent to Grewal Hall ensures high visibility and foot traffic. The property's prime downtown location offers unparalleled convenience, placing it within easy walking distance of key landmarks such as the Capitol Building, City Hall, and Knapp's Centre. This translates to significant accessibility for both employees and customers. The wide sidewalk provides an added advantage, allowing for the potential creation of attractive outdoor seating areas, ideal for restaurants or bars seeking to maximize their customer experience. The entire 3,083 square feet is currently vacant, presenting a blank canvas for a discerning tenant to create their ideal space. This is a rare opportunity to establish a presence in one of Lansing's most desirable and high-traffic commercial locations within Ingham County. The property's accessibility and prominent location make it an exceptional investment for businesses seeking to thrive in a bustling urban environment.

    Property Features for 228 Washington Sq

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,083 SF

    Unit(s) available at that property

    Space
    Suite 1
    Size
    3,083 SF

    HighLights

    • High‑visibility storefront adjacent to Grewal Hall.
    • 3,083 square foot open floor plan, ideal for retail or office use.
    • Prime downtown Lansing location, walkable to Capitol Building, City Hall, and Knapp's Centre.
    • Wide sidewalk provides ample space for outdoor seating.
    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
    -84.55226803
    Latitude
    42.73124618

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High Visibility
    Where is this individual retail property located?
    The property is located at 228 Washington Sq Lansing, MI.
    What are key features of this property?
    This property features: High-visibility storefront adjacent to Grewal Hall.; 3,083 square foot open floor plan, ideal for retail or office use.; Prime downtown Lansing location, walkable to Capitol Building, City Hall, and Knapp's Centre.
    Request Owner's contact information
    228 Washington Sq Lansing, MI 48933
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    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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