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500 Erie St 1,424 SF Retail Building Lansing, MI 48912 $195,000 ($136.94/SF)



Investment Highlights
- Heavy daytime traffic
Executive Summary
Office/retail building in the heart of downtown Lansing, perfect location for insurance agent, financial support, hair or nail stylist, or convenience store. This building offers several rooms or private offices; retail counter, small lobby area and basement, with great potential to be converted into any retail/office needs.
Building is located on Erie Street, between N Cedar Street and N Larch Street, across from the Lansing River Trail. Directly next to the newly built Stadium North Loft Apartment Complex, and surrounded by multiple mult-family complexes.
Building is located on Erie Street, between N Cedar Street and N Larch Street, across from the Lansing River Trail. Directly next to the newly built Stadium North Loft Apartment Complex, and surrounded by multiple mult-family complexes.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,424 SF
Building Class
C
Year Built
1989
Price
$195,000
Price Per SF
$136.94
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
H LT IN
Parking
4 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
135’ on Erie St
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,400 SF
- Retail
- -
- 60 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,400 SF | Retail | - | 60 Days |
1st Floor
| Size |
| 1,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 60 Days |
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-01-16-228-001 | Improvements Assessment | $55,500 |
| Land Assessment | $8,200 | Total Assessment | $63,700 |
Property Taxes
Parcel Number
01-01-16-228-001
Land Assessment
$8,200
Improvements Assessment
$55,500
Total Assessment
$63,700
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500 Erie St
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