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500 E Thomas St 220,000 SF Specialty Building Offered at $649,971 in Lansing, MI 48906
Investment Highlights
- Easy access to I-69, I-96, and local arterial routes for regional connectivity.
- Positioned near established business corridors and residential neighborhoods.
- Within close proximity to Capital Region International Airport and rail transport.
Executive Summary
An INVESTORS dream!!!!! Offering a completely remodeled auditorium that seats 1400, a completely remodeled gymnasium, an Olympic size swimming pool the possibilities are endless. As a community center, entertainment training facility, you can't go wrong. Although much work is needed, building is being sold as is.; Building1 Description: main building classrooms
This Lansing property offers a rare opportunity for buyers seeking a versatile asset in Michigan’s capital area. Spanning over nine acres with an existing structure of roughly 14,400 SF, the site’s former institutional use provides flexible redevelopment options. Situated with easy access to downtown Lansing and proximate to major thoroughfares such as I-69 and I-96, the location ensures excellent connectivity for future business operations or adaptive reuse.
This Lansing property offers a rare opportunity for buyers seeking a versatile asset in Michigan’s capital area. Spanning over nine acres with an existing structure of roughly 14,400 SF, the site’s former institutional use provides flexible redevelopment options. Situated with easy access to downtown Lansing and proximate to major thoroughfares such as I-69 and I-96, the location ensures excellent connectivity for future business operations or adaptive reuse.
Property Facts
| Price | $649,971 | Building Class | C |
| Price Per SF | $2.95 | Lot Size | 9.22 AC |
| Sale Type | Investment | Building Size | 220,000 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1957 |
| Property Subtype | School |
| Price | $649,971 |
| Price Per SF | $2.95 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 9.22 AC |
| Building Size | 220,000 SF |
| No. Stories | 3 |
| Year Built | 1957 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-01-04-477-002 | Improvements Assessment | $147,100 |
| Land Assessment | $44,500 | Total Assessment | $191,600 |
Property Taxes
Parcel Number
01-01-04-477-002
Land Assessment
$44,500
Improvements Assessment
$147,100
Total Assessment
$191,600
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500 E Thomas St