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$1,999,000
Est. payment /mo
44,730 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 44,730 sqft
Price per Sqft $44
Subdivision Mi
MLS Listing ID 70445838
Year Built 1965
Annual Tax Amount $73,575
Tax Year 2023
Lot Size 0.680 Acres
Acres 0.68
Lot Dimensions 138x224
Property Sub-Type Commercial/Industrial
Property Description
Mixed-use six-story professional services or multi-family building located on a busy intersection and right next to University of Michigan Health - Sparrow campus and close proximity to Michigan State capitol, Michigan State University, and both 496 and 127 expressways. Each floor contains multiple suites that can be modified and built-to-suit for new tenants. 44,730 total sqft and 42 parking spaces. Investment opportunity to build equity and renovate to attract new class-a tenants or convert to multi-family using the ''Institutional'' zoning designation. Two additional parking lot parcels to the west and north are available for sale and would add an additional 88 parking spaces and almost an acre of land.
Location
State MI
County Ingham
Area Lansing (33021)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Parking Features 21+ Spaces
Roof Type Rubber
Building
Structure Type Concrete,Other,Steel,Stone,Stucco
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by City2Shore Port City Associates
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Christopher Parker
Broker Associate | License ID: 164141; 6506049280
Broker Associate License ID: 164141; 6506049280