106 Island AveLansing, MI 48910

Property Details for 106 Island Ave

Year built

1926

Lot size

0.07 AC

Property size (Sq ft)

2,960 SF

Zone code

F-1 COM

Property type

Office properties

Property subtype

Office buildings

APN

33-01-01-21-326-073

APU

33010121326073

Description

This exceptional 1,300-square-foot retail space is situated in Lansing's vibrant Reo Town neighborhood, within the desirable Moores Park area. Located at 106 Island Ave, Lansing, MI 48910, this property offers a prime location with high visibility and ample foot traffic. The building, constructed in 1926 and extensively renovated in 2023, boasts a charming blend of historic character and modern amenities. Features include hardwood floors, a fully open floor plan, high ceilings, abundant natural light, and gorgeous exposed brick walls. Large storefront windows provide excellent street presence. The space is part of a larger 2,960-square-foot building, featuring two stories and an elevator. Zoned F-1, Commercial Improved, this property is ideally suited for a variety of retail uses. Its strategic location offers easy access to major thoroughfares, including proximity to the Michigan State Capitol (1.2 miles southeast), I-496 West onramp (2.1 miles southeast), and the I-496 West and US-127 S Interchange (3.5 miles southwest). The area is also rich with nearby office buildings, restaurants, and coffee shops, ensuring a steady stream of potential customers. This is a rare opportunity to secure a beautifully renovated retail space in a thriving Lansing neighborhood. Ingham County APN: 33-01-01-21326-073.

• CAP approach

  CAP return

  Valuation

  6%

  $185,172

  6.5%

  $170,928

  7%

  $158,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,878

  Geo Method

  $276,878

• Alternative Use

  Use

  Valuation

  Residential

  $211,950

  Hospitality

  $194,145

  Educational

  $161,527

  Medical

  $167,082

  Retail

  $251,264

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7183

Longitude

-84.5528

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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