106-120 W Allegan St - Office FOR SALE


Lansing, MI 48933- Downtown Lansing
$6,567,000 USD
248-415-2626
106-120 W Allegan St, Lansing, MI for Sale
$6,567,000 USD
Office - FOR SALE
1/4
null | 9.23% Cap Rate

106-120 W Allegan St
Lansing, MI 48933
Downtown Lansing


OVERVIEW

- Prime downtown location: The building is one block from the Capitol, in a busy shopping & government district—this boosts visibility, reduces tenant turnover risk from location issues - Mixed-use flexibility: Offers both retail and office, allowing for diversified tenant base. Can adapt uses depending on demand - Growing downtown residential base: Increased residential development nearby increases daytime and evening foot traffic, supporting demand for retail and services - +/- 92,000 Square-Foot Building with historic charm | Excellent Value-Add Opportunity - Strong rental rates for downtown: $20/SF for well located, visible space is attractive in the local marketplace, especially given recent stabilization and modest rental growth in the retail sector

FOR SALE DETAILS

PRICE

$6,567,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

9.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hollister Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

G-1, Bus. District

APN/PARCEL ID

01-01-16-325-031

ASK ABOUT THIS PROPERTY

Melissa MannMarcus & MillichapMore Info
248-415-2626

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Melissa MannMarcus & MillichapMore Info
248-415-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.