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    OFF-MARKET
    Office buildings

    1117 Kalamazoo St 11, Lansing, MI 48912-1722

    1,320 SF 0.19 ac lot Built 1926
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0069627
    Property summary
    AI-generated overview

    This 1,320-square-foot free-standing Class C office building, located at 1117 E Kalamazoo St, Lansing, MI 48912 (APN 33-01-01-15-333-111), presents a unique investment opportunity. Built in 1926, the property is currently vacant and offers excellent street frontage on Kalamazoo Street near the Pennsylvania/Kalamazoo intersection. The building features a reception area and multiple private offices, ideal for a small business. A clean basement provides ample storage space. A significant advantage is the inclusion of a three-car garage, adding 558 square feet of usable space, along with a large parking lot. The asking price is $129,900, translating to $98.41 per square foot. This property is situated in Ingham County and offers a compelling combination of location, features, and price, making it an attractive prospect for owner-occupiers or investors seeking a creative office space in a desirable Lansing location. The property's layout and amenities are well-suited for a variety of professional uses. The ample parking and convenient location enhance its appeal. This is a rare opportunity to acquire a free-standing building in a thriving area of Lansing.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1926
    Total area 1,320 SF
    Lot 0.19 ac (8,276 SF)
    Zoning code J & F
    APN 33-01-01-15-333-111
    UPID US43-0069627
    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
    • Green Concepts Irrigation and Landscaping General Contractor
    • Seed of Change Association / Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Maher A Mahmoud · 5 yrs held
    Maher A Mahmoud
    since 2020
    Last sale
    $125,000
    3 recorded transactions
    2020
    $75,000
    2014
    2007
    $90,000
    Zoning & alternative use
    J & F · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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