Leased Single Tenant Investment Property Old Town

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30347196
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 2,905 SF
Gross Building Area: See Agent
Gross Land Area: 0.13 Acres
Sale Price: $120,000
Unit Price: $41.31 PSF
Property Use Type: Investment
Usable Size (USF): 2,905 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/21/2019

Overview / Comments

This Old Town building is located just South of Cesar Chavez ave (formerly Grand River) and is in a long term lease to the current tenant. The building consists of a 2 story retail office building and a single story warehouse in the rear which is 22x52 and 1,144 Sq Ft. The tenant is currently in a 5 year lease term.

Please do not disturb the tenant. Thank you.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing - Ingham County
Tax ID/APN: 33-01-01-09-331-122
Retail Clientele: General
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,548 86,091 194,031
Median Age: 29.39 32.79 32.76
Households: 5,835 36,413 77,172


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