313-287-4673
1601-1713 W Mount Hope Ave, Lansing, MI for Sale
Storefront - FOR SALE
1/2
null | Request Cap Rate

1601-1713 W Mount Hope Ave
Lansing, MI 48910
Colonial Village


OVERVIEW

•  Value-Add Opportunity via Lease-Up: With approximately 37,000 SF of vacancy across former grocery, drugstore, bank, and medical suites, significant upside exists through backfilling anchor and small shop spaces •  Low Operating Expenses: Operating costs are efficiently managed at $95,340 annually, equating to ~$1.94/SF, producing a strong potential for growth through occupancy stabilization • Prime Neighborhood Location: The Center is situated on W Mount Hope Avenue, a dense residential corridor in Lansing, with great visibility, accessibility, and positioning; ideal for  attracting essential service, medical, and neighborhood retail tenants • Proven National Tenant Draw: Historical occupancy by brands such as Family Dollar, Rite Aid, PNC Bank, and Spartan Nash underscores the site’s credibility and positioning for future                 national or regional tenants seeking Lansing presence

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

290

LAND DETAILS

CROSS STREETS

1600-1700 Block W. Mt. Hope Ave.

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

F

APN/PARCEL ID

01-01-29-126-004

ASK ABOUT THIS PROPERTY

Jack MeltonColliersMore Info
313-287-4673

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Jack MeltonColliersMore Info
313-287-4673

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