3121 E Grand River Ave - Hospitality FOR SALE
Lansing, MI 48912 |
3121 E Grand River Ave
Lansing, MI 48912
HIGHLIGHTS
- Quality Inn University in Lansing Michigan. Located just off US-127, within proximity to Michigan State University. The Quality Inn in Lansing, bene
- This asset has shown consistent historical revenue averaging 2.0 Million in top line revenue in 2017-2019
- Analyzing the Lansing markets performance in 2020, the Quality Inn University remained near market compared to the competitive set’s Average Daily R
- After completing the remainder of the Property Improvement Plan, along with hands-on Revenue Management, the property offers an investor the ability
- Potential conversion opportunity to as current zoning allows for multi-family.
FOR SALE DETAILS
PRICE
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# OF ROOMS
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CAP RATE
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BUILDING DETAILS
PROPERTY NAME
Quality Inn University Lansing
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
107308
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1959
PARKING SPACES
132
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
CM
APN/PARCEL ID
01-01-11-476-031
