812 S Martin Luther King Jr Blvd - Retail FOR SALE


Lansing, MI 48915- Westside
$220,000 USD
517-321-2800
812 S Martin Luther King Jr Blvd, Lansing, MI for Sale
$220,000 USD
Retail - FOR SALE
1/18
null | Request Cap Rate

812 S Martin Luther King Jr Blvd
Lansing, MI 48915
Westside


HIGHLIGHTS

  • Potential for Automotive Sales
  • High Daily Average Traffic Counts
  • Easy Access to State Government
  • Easy Highway Access
  • Recent Upgrades and Updates new Roof

OVERVIEW

Discover a rare opportunity with this versatile, move-in-ready commercial property located at 812 S Martin Luther King Jr Blvd in Lansing. This high-visibility building sits on the strategic corner of S MLK Jr. Blvd and Main St (W Malcolm X St), offering incredible exposure to high average daily traffic counts ( Average Annual Daily Traffic (AADT) count of 20,476 vehicles (MDOT, 2022) ). Its premier location provides unparalleled convenience, situated just seconds from the I-496 interchange and only 1.1 miles from the Michigan State Capitol and Supreme Court complex. The property features a sturdy 1,421 sq ft block building that underwent an extensive remodel in 2021, ensuring it is turn-key for a variety of uses. These comprehensive updates include new barrier-free restrooms (complete with showers), new ADA-compliant drinking fountains, and full accessibility. The building, which also has a roof replaced in 2017, is currently split into two units: a front fitness center and a rear woodshop, which has its own restroom for a total of three in the building. Both units are serviced by their own central heat and air conditioning systems. In addition to the main building, a separate 255 sq ft concrete storage garage offers an overhead door for easy loading or secure storage. The site's most significant feature is its massive, paved parking lot, which provides abundant space for inventory or customers. This expansive lot, combined with the property's zoning, makes it an ideal candidate for an automotive sales business (which would require a special use permit), or for any retail, office, or service-based operation seeking a prime location.

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Dealership, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,298 SF

ZONING

Commercial

APN/PARCEL ID

01-01-20-205-232

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.