Property summary
This single-story, 5,622 square foot executive office building is situated on a 0.504-acre lot in Lansing, Michigan's vibrant Old Town district (APN: 33-01-01-09-428-002). The building, classified as Class C, offers a unique opportunity for investors. Its corner location on E. Cesar E. Chavez Ave provides exceptional visibility and accessibility. The property features convenient asphalt parking and a partial basement. An attached storage area adds approximately 1,250 square feet of usable space. The building's adaptable design allows for easy conversion to multiple uses, catering to a variety of business needs. Its strategic location places it within walking distance of a diverse mix of retail shops, restaurants, taverns, apartments, and other offices. The 2024 State Equalized Value (SEV) is $194,300, and annual property taxes are approximately $8,500. This is a single-tenancy property currently priced at $250,000. The property's high visibility and versatile layout make it an attractive investment opportunity in a thriving urban setting.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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