313 Washington Sq Lansing, MI 48933
This exceptional mixed-use property, encompassing 138,500 square feet on a 2.6-acre lot, presents a remarkable redevelopment opportunity in the heart of downtown Lansing. Located at 313 S. Capitol Ave. & 330 S. Washington Sq., this vacant property is ideally situated just two blocks from the Michigan State Capitol, benefiting from the ongoing revitalization of the city center. The area is experiencing significant growth, fueled by new developments such as the Ovation Center (a large-scale performing arts venue slated for 2025 opening) and a new hotel project at the former City Hall site. This surge in activity is transforming downtown Lansing into a vibrant hub for business, dining, and entertainment, creating a highly desirable location for businesses seeking expansion, relocation, or investment. The property's strategic location offers unparalleled potential for forward-thinking enterprises. Conveniently located within walking distance of the CATA Transportation Center, it ensures easy access for employees and visitors. A rare advantage in the downtown area, the property also includes private, gated parking. Surrounded by major employers and state government offices, this property is perfectly positioned to capitalize on the momentum of downtown Lansing's exciting growth. The asking price is $6,750,000. The property's versatility allows for a variety of alternative uses, making it an ideal investment for businesses of all types.
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Amanda J. Dernovshek Law Firm
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John P. Nicolucci Law Firm
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Thomas R. Meagher, Attorney Law Firm
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Charles E. Barbieri, Attorney Law Firm
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Charles A. Janssen, Attorney Law Firm
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
Similar Nearby for Lease
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.