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Property profile & analytics
OFF-MARKET
Retail space

228 Washington Sq 27 Lansing, MI 48933-1808

6,750 SF 0.08 ac lot Built 1925
Entity Owned Absentee Owner Free & Clear
Property ID
US43-4301599
Property summary
AI-generated overview

This exceptional retail opportunity presents a two-story brick building totaling 9,677 square feet, situated at the highly visible corner of South Washington Square and Washtenaw Street in vibrant downtown Lansing, Michigan. Built in 1925, the property offers a unique blend of historical charm and modern commercial potential. The entire 9,677 square feet is currently vacant, providing a blank canvas for a single large tenant or the possibility of dividing the space. Flexible lease terms are available to accommodate various business needs. Minimum divisible space starts at 3,083 square feet, with a maximum contiguous space of 6,594 square feet. This prime location boasts exceptional foot traffic and visibility, benefiting from its proximity to key Lansing landmarks. Within easy walking distance are the State Capitol building, Lansing Community College, Davenport University, Cooley Law School, and Jackson Field, ensuring a consistent flow of potential customers. The property's Ingham County location offers convenient access to major transportation routes and a thriving urban environment. This is an unparalleled chance to establish a presence in a bustling downtown area with a rich history and bright future. Contact us today to learn more about this remarkable retail space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1925
Total area 6,750 SF
Lot 0.08 ac (3,333 SF)
Zoning code G-1 BUS
APN 94-33-02-16-328-051
UPID US43-4301599
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
  • SR Drivers Insurance of Lansing Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
EYDE GEORGE F FAMILY L L C
EYDE GEORGE F FAMILY L L C
Zoning & alternative use
G-1 BUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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