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    1102 Washington Ave Lansing, MI 48910

    Sponsored
    For Sale
    $295,000

    Prime Location, Vacant, 1812 SF

    Property size:
    1,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional free-standing commercial building, located at 1102 S Washington Ave in Lansing, Michigan's vibrant Reotown neighborhood, presents a unique investment opportunity. Boasting 1,812 square feet, this single-story structure, built in 1925 and extensively renovated in 2018, is currently vacant and available for immediate occupancy. The property features a desirable corner lot at the intersection of S. Washington and W. Elm Streets, ensuring excellent visibility and accessibility. Ample parking is available on-site. Large garage-door style windows flood the interior with natural light, creating a bright and inviting atmosphere. The building's versatile layout is ideal for a variety of uses, including restaurants, bars, or coffee shops. Its proximity to the Grand River and the Lansing River Trail W. Elm entrance adds to its appeal. The asking price is $295,000, translating to $162.80 per square foot. The property is listed as a Triple Net (NNN) lease. The parcel number is 33-01-01-21-178-040. This is a rare chance to acquire a well-maintained, high-visibility commercial property in a rapidly developing area of Lansing. Don't miss this opportunity to establish your business in a thriving location.

    Property Features for 1102 Washington Ave

    General Information

    Property type
    Restaurants
    Square Feet
    1,812 SF

    Building Details

    Year Built/Renovated
    1925/2018
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic corner lot.
    • Single‑tenant building.
    • Exceptional street visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    -84.5527876
    Latitude
    42.7216213

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    FAQs

    What type of property is this?
    Restaurant - Prime Location, Vacant, 1812 SF
    Where is this restaurant located?
    The property is located at 1102 Washington Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: High-traffic corner lot.; Single-tenant building.; Exceptional street visibility.
    Request Owner's contact information
    1102 Washington Ave Lansing, MI 48910
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    Lansing, MI 48910
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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
    1102 Washington Ave Lansing, MI 48910
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