Downtown Office Building

Office for Sale
Sale Pending
Catylist Listing ID: 29786584
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 4,122 SF
Sale Price: $199,000
Unit Price: $48.28 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class C
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/7/2018

Overview / Comments

This can be purchased along with 819 N Capitol as a package. Package price determined by the total property purchased, terms, and conditions.

820 N. Capitol has been used as a single tenant and multiple tenant office space. The upper level has approx. 2048 sq. ft. rentable space, and the lower level approx. 2074 sq. ft of space. building flows well as single or dual occupancy. The building is well maintained. Electricity and gas are split.

Location is the key here. The space is just 8 blocks to the Capitol, LCC, City Hall and the Central City business district. There are 6-12 private parking places, plus on street parking. This space works out for anyone who would benefit from a downtown address.

Seller will consider purchase money mortgage, land contract, or seller assist for a qualified purchaser.

Video Tour:

Attachments & Media

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing
Tax ID/APN: 33-01-01-09-381-021
Market Type: Large
Property Located Between: Saginaw & Oakland streets
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Taxi
Highway Access: Minutes from I 96, or US 127
Area Description: Very nice professional area close to the Capitol, City Hall, LCC, Cooley Law, and the Downtown Central Business District. The site is also close to, and in the midst of several historical landmarks, and well maintained vintage residences in Lansing's Downtown district. The site is also close to city parks, on the bus line, and is just a few blocks to Old Town, The Lugnuts Ball Park, and many wonderful restaurants and shops.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1969
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Total Parking Spaces: 12
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: See Photos
Lot Frontage: 66
Lot Depth: 165
Easements: Electric Lines, Utilities
Land Ownership: Fee Simple
Legal Description: Lot 10 Block 51 Original Plat

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,623 95,811 193,186
Median Age: 30.83 33.15 32.83
Households: 8,034 40,493 76,659
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