814 Washington AveLansing, MI 48906

Property Details for 814 Washington Ave

Year built

1890

Lot size

0.22 AC

Property size (Sq ft)

3,321 SF

Zone code

D-1 PRO

Property type

Office buildings

APN

33-01-01-09-451-021

APU

33010109451021

Description

This exceptional commercial property, located at 814 N Washington Avenue Unit 814 in Lansing, Michigan, presents a unique investment opportunity. Boasting a substantial 3,321 square feet of interior space, this property offers significant flexibility for a wide range of commercial ventures. The expansive 2.2-acre lot provides ample room for expansion, additional parking, or outdoor operations, depending on the intended use. The property's "Other" classification suggests adaptability to various business models, making it an attractive option for entrepreneurs and established businesses alike. Situated in Lansing, the property benefits from convenient access to major transportation routes and a thriving local economy. The asking price of $249,900 represents a compelling value for a property of this size and potential. Serious inquiries are encouraged to explore the possibilities this versatile commercial space offers. The property's location in Lansing provides access to a robust infrastructure and a diverse workforce. The generous square footage and expansive lot size provide significant potential for growth and development. This is an exceptional opportunity to acquire a substantial commercial property in a desirable location at a competitive price. Don't miss out on this chance to secure a valuable asset in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $207,755

  6.5%

  $191,774

  7%

  $178,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $310,646

  Geo Method

  $310,646

• Alternative Use

  Use

  Valuation

  Residential

  $237,800

  Hospitality

  $217,823

  Educational

  $181,226

  Medical

  $187,459

  Retail

  $281,908

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7426

Longitude

-84.5517

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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