2116 Michigan Ave, Lansing, MI 48912-3026
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
J PARKI · Lansing, MILansing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.