1102 Washington Ave Lansing, MI 48910
- Auto shops
- 1,813 SF
- 0.21 lot acres
Current Use by Public Records
- Auto shops
Property Details for 1102 Washington Ave
- Year built
- 1925
- Lot size
- 0.21 lot acres
- Property size
- 1,813 SF
- Zone code
- F COMM
- Property type
- Auto shops
- APN
- 33-01-01-21-178-040
- APU
- 33010121178040
Description
This 1,812 square foot free-standing building, located at 1102 S. Washington Ave in Lansing, Michigan, 48910, presents a unique opportunity. Built in 1936 and partially renovated in 2018, the single-story property offers a blank canvas for a variety of restaurant, retail, or bar concepts. Its prime corner location at the intersection of S. Washington and W. Elm Streets in the REOTOWN district ensures excellent visibility and accessibility. The building features large garage-door style windows, allowing for ample natural light and creating a welcoming atmosphere. A significant advantage is the large on-site parking lot, addressing a common challenge for businesses in this area. The property's proximity to the Grand River and the Lansing River Trail W. Elm entrance provides additional foot traffic and enhances its appeal. The entire 1,812 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs. This is an exceptional opportunity to establish a thriving business in a vibrant and growing Lansing neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $225,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $205,000
- Mixed-Use
- $215,000
- Hospitality
- $190,000
- Educational
- $250,000
- Residential Income
- $210,000
- Energy
- $210,000
- Income-Based Land
- $255,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5528
- Latitude
- 42.7216
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA