Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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