323-327 Washington Sq Lansing, MI 48933
This exceptional investment opportunity presents a historic office building located at 323-327 S Washington Square in Lansing, Michigan. The property, situated on a 0.25-acre lot, boasts 6,783 square feet of traditional office space, ideal for a variety of uses. Originally constructed in 1888 and renovated in 1985, the building offers a blend of historical charm and updated functionality. The asking price is $670,000, translating to $98.77 per square foot. The property features nine on-site parking spaces, a valuable asset in a downtown setting. The permitted zoning is G-1 Bus, offering flexibility for potential business ventures. The property's Ingham County location provides easy access to major transportation routes and amenities. This is a liquidation sale, presenting a unique opportunity to acquire a substantial property at a competitive price. The property's APN numbers are 01-01-16-405-082 and 01-01-16-405-111. This is a rare chance to own a piece of Lansing's history and establish a thriving business in a vibrant downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.