502 César E Chávez Ave Lansing, MI 48906
This exceptional 909-square-foot commercial space is situated within the beautifully restored Temple Lofts building in Lansing's vibrant Old Town district. Originally constructed in 1917 and meticulously refurbished in 2022, this five-story mixed-use building offers a unique blend of modern amenities and historic charm. The ground floor commercial space is ideal for a restaurant or retail establishment, boasting built-in ventilation and stunning views of the bustling Old Town area. Its location on a signalized corner ensures high visibility and accessibility, complemented by convenient on-site parking. The property's strategic placement provides easy access to Old Town's popular attractions and amenities, making it an attractive destination for both businesses and customers. With 31 residential units already occupied above, this space benefits from a built-in customer base and high foot traffic. The total building size is 28,380 square feet, with the available space representing a portion of the ground floor. This is a rare opportunity to establish a business in a thriving, high-traffic location within a historically significant building in Ingham County, Michigan. The address is 502 E César E. Chávez Ave, Lansing, MI 48906.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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