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1028 W Barnes Ave - EL-SHABAZZ ACADEMY 27,950 SF Specialty Building Offered at $650,000 at a 5% Cap Rate in Lansing, MI 48910
INVESTMENT HIGHLIGHTS
- Main street access with overpass for child access to school property
- Two modular classrooms included
EXECUTIVE SUMMARY
The overall condition is average to above average. Structurally, the building is sound.
The boilers need to be replaced.
The property has always been an elementary school with updates in 1970 including a gymnasium.
Includes two modular classrooms and two storage sheds.
The boilers need to be replaced.
The property has always been an elementary school with updates in 1970 including a gymnasium.
Includes two modular classrooms and two storage sheds.
PROPERTY FACTS
| Price | $650,000 | Lot Size | 2.26 AC |
| Price Per SF | $23.26 | Building Size | 27,950 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Cap Rate | 5% | Year Built | 1919 |
| Sale Condition | REO Sale | Tenancy | Single |
| Property Type | Specialty | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | School | Parcel Number | 01-01-20-476-002 |
| Building Class | B | ||
| Zoning | B Res-single district - Business Residential | ||
| Price | $650,000 |
| Price Per SF | $23.26 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Sale Condition | REO Sale |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 2.26 AC |
| Building Size | 27,950 SF |
| No. Stories | 3 |
| Year Built | 1919 |
| Tenancy | Single |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | B Res-single district - Business Residential |
| Parcel Number | 01-01-20-476-002 |
AMENITIES
- Bus Line
- Signage
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Presented by
Thomas E. Woods, Receiver
1028 W Barnes Ave - EL-SHABAZZ ACADEMY
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