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