Log In/Sign Up
Your email has been sent.
1601-1713 W Mount Hope Ave 49,135 SF 100% Leased Retail Building Lansing, MI 48910 For Sale
EXECUTIVE SUMMARY
• Value-Add Opportunity via Lease-Up: With approximately 37,000 SF of vacancy across former grocery, drugstore, bank, and medical suites, significant upside exists through backfilling anchor and small shop spaces
• Low Operating Expenses: Operating costs are efficiently managed at $95,340 annually, equating to ~$1.94/SF, producing a strong potential for growth through occupancy stabilization
• Prime Neighborhood Location: The Center is situated on W Mount Hope Avenue, a dense residential corridor in Lansing, with great visibility, accessibility, and positioning; ideal for attracting essential service, medical, and neighborhood retail tenants
• Proven National Tenant Draw: Historical occupancy by brands such as Family Dollar, Rite Aid, PNC Bank, and Spartan Nash underscores the site’s credibility and positioning for future national or regional tenants seeking Lansing presence
• Low Operating Expenses: Operating costs are efficiently managed at $95,340 annually, equating to ~$1.94/SF, producing a strong potential for growth through occupancy stabilization
• Prime Neighborhood Location: The Center is situated on W Mount Hope Avenue, a dense residential corridor in Lansing, with great visibility, accessibility, and positioning; ideal for attracting essential service, medical, and neighborhood retail tenants
• Proven National Tenant Draw: Historical occupancy by brands such as Family Dollar, Rite Aid, PNC Bank, and Spartan Nash underscores the site’s credibility and positioning for future national or regional tenants seeking Lansing presence
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
49,135 SF
Building Class
C
Year Built/Renovated
1953/1982
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
3.57 AC
Zoning
F
Parking
290 Spaces (5.9 Spaces per 1,000 SF Leased)
Frontage
680’ on Mt Hope Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 01-01-29-126-004 | Improvements Assessment | $1,079,200 |
| Land Assessment | $233,500 | Total Assessment | $1,312,700 |
PROPERTY TAXES
Parcel Number
01-01-29-126-004
Land Assessment
$233,500
Improvements Assessment
$1,079,200
Total Assessment
$1,312,700
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1601-1713 W Mount Hope Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.