603 Michigan Ave, Lansing, MI 48912-1182
This exceptional redevelopment opportunity encompasses three parcels totaling 20,444 square feet, strategically located in Lansing, Michigan, near the city's newest downtown developments. Boasting 132 feet of frontage on Michigan Avenue, this mixed-use property presents a unique blend of commercial space and apartments. The property is currently vacant, offering a blank canvas for a visionary investor. Individual building sizes are substantial, with 603 E. Michigan Ave at 3,432 square feet, 605 E. Michigan Ave at 3,564 square feet, and 607 E. Michigan Ave comprising 13,448 square feet. The asking price is $3,000,000, translating to $146.74 per square foot. This Class C property, with a Modified Lease type and Single Tenancy, presents a compelling investment opportunity in a rapidly evolving urban core. The property's location in Ingham County, with addresses at 603, 605, and 607 E. Michigan Ave, Lansing, MI 48912, ensures easy access to key amenities and transportation routes. The substantial square footage and prime location make this an ideal project for adaptive reuse or new construction, catering to the growing demand for commercial and residential spaces in downtown Lansing. This is a rare chance to acquire a significant footprint in a revitalizing area with substantial upside potential. The property is designated as an investment or redevelopment opportunity and is ready for an investor to bring their vision to life.
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Wize Tax Services Tax Preparation
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
G-1 BUS · 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.