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329-337 S Washington Sq 18,700 SF Retail Building Lansing, MI 48933 $1,825,000 ($97.59/SF) 9.91% Cap Rate
Executive Summary
3 location/longterm lease anchor tenant
Prime Downtown Lansing mixed-use asset
Hard corner visibility on S. Washington Square
9 residential apartment units
Prime Downtown Lansing mixed-use asset
Hard corner visibility on S. Washington Square
9 residential apartment units
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,700 SF
Building Class
C
Year Built/Renovated
1887/2007
Price
$1,825,000
Price Per SF
$97.59
Cap Rate
9.91%
NOI
$180,846
Tenancy
Single
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
12 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
153’ on South Washington Square
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (80)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $725,400 | |
| Land Assessment | $54,500 | Total Assessment | $779,900 |
Property Taxes
Parcel Numbers
Land Assessment
$54,500
Improvements Assessment
$725,400
Total Assessment
$779,900
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329-337 S Washington Sq
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