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    FOR SALE
    Auto shops

    1102 S Washington Ave, Lansing, MI 48910

    1,813 SF 0.21 ac lot Built 1925
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-4615925
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1925
    Total area 1,813 SF
    Lot 0.21 ac (9,235 SF)
    Zoning code F COMM
    APN 33-01-01-21-178-040
    UPID US43-4615925
    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
    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
    Reo Ventures LLC · 5 yrs held
    Reo Ventures LLC
    since 2020
    Last sale
    $185,000
    7 recorded transactions
    2024
    2020
    2020
    $185,000
    2018
    2008
    2004
    $130,000
    1969
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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