109 Washington SqLansing, MI 48933

Property Details for 109 Washington Sq

Year built

1856

Lot size

0.05 AC

Property size (Sq ft)

2,120 SF

Zone code

G-1 BUS

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

33-01-01-16-401-021

APU

33010116401021

Description

This exceptional retail property, located at 109-111 S. Washington Square in Lansing, Michigan, offers two available suites ideal for a variety of businesses. Situated in the heart of downtown Lansing, this property boasts a highly desirable location with excellent foot traffic. The building features a total of two suites, with a minimum divisible space of 1,086 square feet and a maximum contiguous space of 2,120 square feet, providing flexibility for various business needs. The "Downtown Retail" classification ensures high visibility and accessibility for customers. The property's prime location offers significant advantages, including excellent opportunities for building signage to enhance brand visibility. Furthermore, its proximity to key landmarks such as the State Capitol and City Hall, both within a three-minute walk, guarantees high daily pedestrian traffic and exposure to a large potential customer base. This Ingham County property presents a unique opportunity for businesses seeking a vibrant and accessible location in the heart of Lansing's bustling downtown area. The property is zoned for retail and restaurant uses, making it suitable for a wide range of businesses. The address is 109-111 S. Washington Square, Lansing, MI 48933.

• CAP approach

  CAP return

  Valuation

  6%

  $164,452

  6.5%

  $151,802

  7%

  $140,959

• Comparable approach

  Method

  Valuation

  Relative Method

  $307,372

  Geo Method

  $307,372

• Alternative Use

  Use

  Valuation

  Residential

  $151,802

  Hospitality

  $139,050

  Educational

  $115,688

  Medical

  $119,667

  Retail

  $179,959

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7332

Longitude

-84.5518

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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