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520 Lansing St 5,000 SF Retail Building Charlotte, MI 48813 $1,379,000 ($275.80/SF)
Investment Highlights
- Located in an Opportunity Zone; eligible for state redevelopment incentives.
- Surrounded by both national and local retailers along Lansing Street.
- Positioned for automotive and diverse commercial applications with excess land for future development.
Executive Summary
This offering includes a 5,000 square foot commercial building situated on a generous 13-acre parcel in Charlotte, Michigan. The site is located within an Opportunity Zone and qualifies for MSHDA-related incentives, providing advantageous conditions for future investors, developers, and owner-users. Its expansive acreage supports multiple commercial uses such as vehicle sales, service and maintenance, and towing operations.
The property’s excess land creates flexible development potential, making it suitable for mixed-use or other redevelopment opportunities. Located along the Lansing Street corridor, this location benefits from robust visibility and strong presence among national and local retailers. Its placement near I-69 ensures seamless regional connectivity.
The property’s excess land creates flexible development potential, making it suitable for mixed-use or other redevelopment opportunities. Located along the Lansing Street corridor, this location benefits from robust visibility and strong presence among national and local retailers. Its placement near I-69 ensures seamless regional connectivity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,000 SF
Building Class
C
Year Built
1999
Price
$1,379,000
Price Per SF
$275.80
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
4.82 AC
Opportunity Zone
Yes
Zoning
B-3
Parking
24 Spaces (4.98 Spaces per 1,000 SF Leased)
Frontage
374’ on Lansing St
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 200-007-400-122-03 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $298,600 |
Property Taxes
Parcel Number
200-007-400-122-03
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$298,600
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520 Lansing St
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