Your email has been sent.
329-337 S Washington Sq 18,700 SF Retail Building Lansing, MI 48933 $1,950,000 ($104.28/SF) 8.59% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 location/longterm lease anchor tenant
- 2,800 SF of unrented basement storage space
- Hard corner visibility on S. Washington Square
- Updated HVAC and roof coating
EXECUTIVE SUMMARY
Prime Downtown Lansing mixed-use asset
Hard corner visibility on S. Washington Square
9 residential apartment units
(6) 1 Bed / 1 Bath
(3) 2 Bed / 1 Bath
2 commercial tenants
Updated HVAC and roof coating
2,800 SF of unrented basement storage space
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$270,000
|
$14.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$270,000
|
$14.44
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$102,418
|
$5.48
|
| Net Operating Income |
$167,582
|
$8.96
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $270,000 |
| Annual Per SF | $14.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $270,000 |
| Annual Per SF | $14.44 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $102,418 |
| Annual Per SF | $5.48 |
| Net Operating Income | |
|---|---|
| Annual | $167,582 |
| Annual Per SF | $8.96 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Kga Inc
- Information
- -
- -
- -
- -
-
- Accommodation and Food Services
- -
- $20.00
- Modified Gross
- Oct 2023
Strange Matter Coffee has been in the business of artisan coffee and baked goods for more than ten years. In that time, it’s developed a reputation as an expert when it comes to the holistic coffee experience, from sourcing beans to brewing roasts to slow sipping. Strange Matter has encouraged its community to amplify the way we think about consuming coffee, taking a morning cup from a simple caffeine source to a valuable opportunity to self-reflect and meditate. For Strange Matter, it’s so, so much more than coffee.
-
- Accommodation and Food Services
- -
- -
- -
- -
Subway is a privately held global quick-service restaurant brand founded in 1965. It operates through a franchise model, offering customizable submarine sandwiches, wraps, salads, and beverages. The brand emphasizes fresh ingredients and quick service across thousands of locations worldwide. Subway remains privately owned and continues to expand its footprint through franchising, maintaining its position as one of the largest restaurant chains globally.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Kga Inc | Information | - | - | - | - | |
|
|
Accommodation and Food Services | - | $20.00 | Modified Gross | Oct 2023 | |
|
|
Accommodation and Food Services | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $725,400 | |
| Land Assessment | $54,500 | Total Assessment | $779,900 |
PROPERTY TAXES
Presented by
329-337 S Washington Sq
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.