Property summary
This exceptional commercial property, situated at 1923 S Washington in Lansing, Michigan, presents a compelling investment opportunity. The 2,277 square foot building, constructed in 1937, is ideally positioned near the intersection of Washington Avenue and Mt. Hope Avenue, offering excellent visibility and accessibility. The property sits on a 0.199-acre lot, measuring 90 feet by 125 feet, and boasts ample asphalt parking for customers and employees. Currently configured for auto service, the building's versatile layout allows for a variety of potential uses, subject to zoning regulations. The foundation is substantial, measuring 6,075 square feet, providing a solid base for the structure. The building features forced-air heating, a shingle roof, and is connected to public sewer services. Its strategic location near I-496 ensures convenient access for customers and employees, enhancing its overall appeal and potential for success. The property is zoned for commercial use, making it suitable for a range of businesses. This well-established location offers a unique blend of history and potential, making it an attractive investment in a thriving Lansing commercial district.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
F COMM · Lansing, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for F COMM in Lansing, MI.
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