$599,900

406 S Washington Square

Lansing MI, 48933

Description

Retail and Lofts-11,000 sf Building For Sale in the Heart of Downtown Lansing. This mixed-use building is currently generating approximately $88,200 in annual gross income. There are three retail shops consisting of a cigar shop, barber shop and LGBT Outreach Center. There are also four apartments being managed by MTH. Proforma NOI is estimated to be $60,719. The building has been very well maintained. Excellent location within walking distance to everything in Downtown Lansing.

Details

MLS#238243
StyleRetail
Sub-TypeResale
StatusActive
Year1910
Days On Site162

Features

SQ Feet11,000
Story(s)2
Units2
ZoningCommercial

Loading Form

Loading Form

Area Information

StateMI
CountyIngham
CityLansing
Zip Code48933
AreaIngham
Listing VS Median (in 48933)
Price:
$599,900
low | high
Med:
$127,900
100% of Average
SqFt:
11,000
low | high
Med:
960
100% of Average
$ / SqFt:
$55
low | high
Med:
$133
94.29418792021% of Average
On Site:
162
low | high
Med:
56
100% of Average
Listing Updated: 12/10/2019
MLS Number: 238243
Listing Provided By:
Shelby and Kelly Miller  of  Berkshire Hathaway HomeServices Tomie Raines
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Lansing Association of Realtors® MLS.
Real Estate Links Our Domains