3121 E Grand River Ave | Lansing, MI 48912
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3121 E Grand River Ave
Lansing, MI 48912
Quality Inn University Lansing · Hospitality Property For Sale
·
107,308 SF
INVESTMENT HIGHLIGHTS
- Quality Inn University in Lansing Michigan. Located just off US-127, within proximity to Michigan State University. The Quality Inn in Lansing, bene
- Analyzing the Lansing markets performance in 2020, the Quality Inn University remained near market compared to the competitive set’s Average Daily R
- Potential conversion opportunity to as current zoning allows for multi-family.
- This asset has shown consistent historical revenue averaging 2.0 Million in top line revenue in 2017-2019
- After completing the remainder of the Property Improvement Plan, along with hands-on Revenue Management, the property offers an investor the ability
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1959/2010 |
| Building Class | B | Parking Ratio | 0.46/1,000 SF |
| Lot Size | 2.00 AC | Corridor | Interior |
| Building Size | 107,308 SF | ||
| Zoning | CM | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 107,308 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2010 |
| Parking Ratio | 0.46/1,000 SF |
| Corridor | Interior |
| Zoning | CM |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 01-01-11-476-031 | Improvements Assessment | $1,408,000 |
| Land Assessment | $243,500 | Total Assessment | $1,651,500 |
PROPERTY TAXES
Parcel Number
01-01-11-476-031
Land Assessment
$243,500
Improvements Assessment
$1,408,000
Total Assessment
$1,651,500
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