Property profile

411 Ionia St Lansing, MI 48933

OFF-MARKET
Commercial real estate
Property ID
US43-1528082
954 SF 0.08 ac lot Built 1908
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Property summary

AI-generated overview

This exceptional 1900+ square foot, two-story commercial building, constructed in 1908, presents a unique opportunity in the heart of Lansing. Located at 411 W Ionia Street, Unit 411, this 954 square foot property sits on a 0.08-acre lot and is currently vacant. The main floor boasts a functional layout featuring four offices and a kitchenette with a half bath, ideal for a variety of commercial uses. Upstairs, you'll find four additional office spaces, a full bathroom, and plumbing already in place for a second kitchenette – offering significant expansion potential. A full basement provides ample storage space. Recent upgrades include a completely new roof with fresh underlayment installed within the last year, and newer HVAC units on both floors ensure year-round comfort. The building retains charming original features, such as a covered front porch and original wall cabinetry in the existing kitchen area. Its prime downtown location offers exceptional walkability to local amenities. The property's adaptability makes it suitable for owner-occupancy or conversion into a duplex. Priced at $169,900, this is a rare chance to acquire a versatile and well-maintained commercial property in a thriving urban setting.

Property profile

Verified
Property type Commercial real estate
Year built 1908
Total area 954 SF
Lot 0.08 ac (3,485 SF)
UPID US43-1528082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

411 Ionia St Lansing, MI 48933
Lansing metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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