119 E Kalamazoo St - Apartments FOR SALE


Lansing, MI 48933- Downtown Lansing
$522,000 USD
517-321-2800
119 E Kalamazoo St, Lansing, MI for Sale
$522,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

119 E Kalamazoo St
Lansing, MI 48933
Downtown Lansing


HIGHLIGHTS

  • Investment Opportunity Downtown Lansing
  • Commercial Office Space & Apartments Multi-family
  • Near State Capitol, Lansing River Trail

OVERVIEW

Discover a prime investment and owner-user opportunity at 119 E Kalamazoo Street, strategically located in the heart of downtown Lansing's exciting revitalization. This well-maintained, mixed-use building features commercial office space on the first and lower levels, perfectly complemented by four desirable apartment units across the second and third floors. Each residential unit offers modern comfort and efficiency with separately metered electric, central forced air heat and air conditioning, and captivating city skyline views that showcase the urban landscape. The property is an investor's dream, designed for low-maintenance ownership with no lawn or snow removal responsibilities. Uniquely flexible, the seller currently occupies the office space and is willing to sign a leaseback agreement at closing for immediate income, or can vacate for a new owner-user looking to establish their business in a premier location. Positioned just steps from significant new developments, this property benefits from the energy of a growing downtown, offering residents a walkable lifestyle with easy access to the State Capitol, the Lansing River Trail, and a burgeoning scene of restaurants, entertainment, and cultural venues that define modern city living.

FOR SALE DETAILS

PRICE

$522,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

4

PRICE/UNIT

$130,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,437 SF

ZONING

G-1 BUS

APN/PARCEL ID

01-01-16-405-171

ASK ABOUT THIS PROPERTY

Matthew WisniewskiRE/MAX Commercial GroupMore Info
517-321-2800

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Matthew WisniewskiRE/MAX Commercial GroupMore Info
517-321-2800

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