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109-115 N Washington Sq 14,127 SF Retail Building Lansing, MI 48933 $395,000 ($27.96/SF)
Executive Summary
Retail Service Space - Redevelopment Opportunity
Historic downtown Lansing storefront with redevelopment Potential. Originally constructed in the 1880s and prominently positioned along Washington Square, this 18,050 SF historic commercial property presents a unique opportunity for redevelopment or owner-user occupancy in the heart of Downtown Lansing.
The multi-level building features approximately 90 feet of frontage, a basement level, rear alley access, and DT-3 Downtown Core zoning, providing flexibility for a variety of future uses. Surrounded by government offices, major employers, restaurants, entertainment venues, and ongoing downtown investment, this highly visible asset offers an exceptional opportunity for redevelopment or retail/service user seeking a keystone location.
Historic downtown Lansing storefront with redevelopment Potential. Originally constructed in the 1880s and prominently positioned along Washington Square, this 18,050 SF historic commercial property presents a unique opportunity for redevelopment or owner-user occupancy in the heart of Downtown Lansing.
The multi-level building features approximately 90 feet of frontage, a basement level, rear alley access, and DT-3 Downtown Core zoning, providing flexibility for a variety of future uses. Surrounded by government offices, major employers, restaurants, entertainment venues, and ongoing downtown investment, this highly visible asset offers an exceptional opportunity for redevelopment or retail/service user seeking a keystone location.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
14,127 SF
Building Class
B
Year Built
1938
Price
$395,000
Price Per SF
$27.96
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.47
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
G-1 BUS - Commercial Zoned District
Frontage
100’ on Washington
Amenities
- Bus Line
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-01-16-183-072 | Improvements Assessment | $199,600 |
| Land Assessment | $48,800 | Total Assessment | $248,400 |
Property Taxes
Parcel Number
01-01-16-183-072
Land Assessment
$48,800
Improvements Assessment
$199,600
Total Assessment
$248,400
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