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Property profile & analytics
OFF-MARKET
Office Spaces

313 Washington Sq Lansing, MI 48933

138,500 SF 2.6 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 138,500 SF
Lot 2.6 ac (113,256 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Amanda J. Dernovshek Law Firm
  • John P. Nicolucci Law Firm
  • Thomas R. Meagher, Attorney Law Firm
  • Charles E. Barbieri, Attorney Law Firm
  • Charles A. Janssen, Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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