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Property profile & analytics
FOR LEASE
Retail residential properties

109 S Washington Sq Lansing, MI 48933

2,120 SF 0.05 ac lot Built 1856
Entity Owned 7-yr Hold Free & Clear
Property ID
US43-1942135
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1856
Total area 2,120 SF
Lot 0.05 ac (2,178 SF)
Zoning code G-1 BUS
APN 33-01-01-16-401-021
UPID US43-1942135
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
  • Neva lee's Department Store
  • Kositchek's Hair Salon Hair Salon Nail Salon
  • Cool Cuts Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lan Washington Square LLC · 7 yrs held
Lan Washington Square LLC
since 2019
5 recorded transactions
2019
Price N/A
2018
$1.6M
2006
$575,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
G-1 BUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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