Downtown Office Space - Lansing

Office for Sale
Sale Pending
Catylist Listing ID: 29834626
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 4,292 SF
Gross Land Area: 0.20 Acres
Sale Price: $299,000
Unit Price: $69.66 PSF
Property Use Type: Vacant/Owner-User
Building Name: Michigan Association Of Broadcasters
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/11/2018

Overview / Comments

Classic Downtown Lansing office building beautifully renovated and maintained. This will make a stately office for a law firm, nonprofit, accounting, insurance, real estate, or any other small to medium sized business that would profit and enjoy a neat downtown setting which is at the hub of:
* the State Capitol * Lansing Community College * City Hall * Cooley Law School * Old Town * Davenport College * Central Lansing Business District * And easy access to darn near Everywhere!

But Wait-there's more! This building may be purchased as a stand alone office building, but also as a package along with 820 N. Capitol Ave. If purchased as a package, the seller will provide incentives in price and terms for qualified buyers. And, as an extra incentive, the seller would include two small vacant lots at no charge.

Please contact the listing agent for details on the opportunity to acquire a fabulous office for your business, or add to your investment portfolio, or work with a package of approximately one acre of contiguous space space in the 800 block of Capitol and Washington Aves.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City Of Lansing, MI
Tax ID/APN: 33-01-01-09-381-153
Market Type: Large
Property Located Between: Saginaw & Oakland
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Shuttle, Airport, Taxi
Highway Access: Less than 1 mile to I-496.
Site Description: Very well maintained building and grounds. Presently housing The Michigan Association Of Broadcasters.
Area Description: Quiet, stately area of Lansing's Capitol Area Business Distict.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1919
Year Renovated: 1987
Roof Type: Gable
Parking Type: Surface
Total Parking Spaces: 10
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite, T1/T3
Interior Description: Very well appointed and maintained. Several offices and a large conference room capable of hosting 20 people or more.
Zoning Description: D-1 Professional Office
Lot Frontage: 119.5
Lot Depth: 165
Land Ownership: Fee Simple
Legal Description: Too long, see listing agfent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,385 92,150 197,052
Median Age: 29.47 32.99 32.87
Households: 6,691 39,003 78,443
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