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    OFF-MARKET
    Retail space

    2116 Michigan Ave, Lansing, MI 48912-3026

    11,088 SF 0.28 ac lot Built 1947
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US43-1073271
    Property summary
    AI-generated overview

    This exceptional 11,088 square-foot free-standing retail building presents a unique investment opportunity. Situated on a prominent corner lot at the intersection of Michigan Avenue and South Magnolia, this property boasts unparalleled visibility and accessibility. Built in 1947 and extensively renovated in 1997, the building features two expansive open showroom spaces, perfect for showcasing merchandise or creating a dynamic retail environment. The generous square footage also includes substantial storage space located in the rear of the building, enhancing operational efficiency. Convenient access is provided by two overhead garage doors, one at the front and one at the rear, facilitating loading and unloading. Large windows facing Michigan Avenue bathe the interior in abundant natural light, creating an inviting atmosphere for customers. The property encompasses two parcels totaling 0.373 acres, providing approximately twelve parking spaces for customers and staff. Its strategic location offers exceptional proximity to Michigan State University campus, the Lansing Capitol, and Sparrow Hospitals, ensuring high foot traffic and a diverse customer base. The property's APN numbers are 33-01-01-14-303-441 and 33-01-01-14-303-431. This is a single-tenant property ideal for a variety of retail uses. Don't miss this chance to acquire a highly visible and well-located retail space in a thriving area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1947
    Total area 11,088 SF
    Lot 0.28 ac (12,066 SF)
    Zoning code J PARKI
    APN 33-01-01-14-303-441
    UPID US43-1073271
    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
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    Owner & transaction history
    2116 E Michigan Ave Lsg LLC · 4 yrs held
    2116 E Michigan Ave Lsg LLC
    since 2022
    2 recorded transactions
    2022
    2020
    Zoning & alternative use
    J PARKI · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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