Multi-Tenant Retail

8.52% CAP | 100% Leased | Prime Downtown Lansing Mixed-Use | 3 Blocks from State Capitol

329-337 South Washington Square , Lansing, MI

Listing Price: $1,891,900

Click To Access Offering Memorandum
  • Cap Rate8.65%
  • Building SF13,757 SF
  • Price/SF$137.052 PSF
  • Year Built / Renovated1889/2023

Investment Highlights

Key Property Highlights

  • 100% Occupied Mixed-use asset featuring 9 loft-style apartments with in-unit washer/dryers & ground-floor retail in the heart of downtown Lansing
  • Immediate proximity to the Michigan State Capitol supports strong daytime traffic & stable government-driven economic activity
  • Strong Commitment to Site – Early Renewal by Strange Matter, including expansion into 3 units and personal guarantee. Serves as the central baking hub for all Strange Matter locations
  • All rooftop HVAC units replaced and roof coated in 2022 with a 10-year warranty, reducing near-term capital needs
  • 11 on-site parking spaces supporting tenant convenience
  • Convenient access to Michigan State University, University of Michigan Health-Sparrow, Davenport University, & GM’s Lansing Grand River Assembly facility

Additional Highlights

  • Located within a 59.9M SF commercial market supporting long-term demand, business activity, & downtown foot traffic
  • Prime Washington Square location with exceptional walkability to restaurants, nightlife, retail, government offices, & entertainment
  • Walking distance to Lansing Community College, serving 10,000+ students annually
  • Diversified residential & retail income with loft-style units featuring exposed brick, oversized windows, high ceilings, & open layouts
Lead Agent

Darin Gross

Senior Director Investments

Lic: MI 6501384871

Seth Haron

Managing Director Investments

Lic: MI 6501373006

Ashish Vakhariya

Senior Managing Director Investments

Lic: MI 6501322501

Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613