406 S Washington Square

    Lansing, MI 48933
    • $599,900
    • STATUS: Active
    • ON SITE: 104 days
    • MLS #: 238243
    UPDATED: 36 min ago
    $599,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,000
      SQFT
    • $55
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Retail and Lofts-11,000 sf Building For Sale in the Heart of Downtown Lansing. This mixed-use building is currently generating approximately $88,200 in annual gross income. There are three retail shops consisting of a cigar shop, barber shop and LGBT Outreach Center. There are also four apartments being managed by MTH. Proforma NOI is estimated to be $60,719. The building has been very well maintained. Excellent location within walking distance to everything in Downtown Lansing.

    Monthly Payment Calculator

    © 2019 Greater Lansing Association of Realtors® MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GLAR MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gateway to Homes @ Keller Williams Realty. Data last updated: 2019-10-14T15:45:21.277.
    www.realhomepros.com/homes/96451742

    406 S Washington Square Lansing, MI 48933

    • Price: $599,900
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 238243
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,000
    SQFT
    $55
    $/SQFT
    1910
    Built
    Neighborhood:
    None
    County:
    Ingham
    Area:
    Lansing
    School District:
    Lansing
    Property Description
    Retail and Lofts-11,000 sf Building For Sale in the Heart of Downtown Lansing. This mixed-use building is currently generating approximately $88,200 in annual gross income. There are three retail shops consisting of a cigar shop, barber shop and LGBT Outreach Center. There are also four apartments being managed by MTH. Proforma NOI is estimated to be $60,719. The building has been very well maintained. Excellent location within walking distance to everything in Downtown Lansing.
    Exterior Features

    Driveway No Driveway Exterior Brick Garage No Garage Land And Acreage Up To 1/4 Acre Lot Dimensions 66X100 Roof Flat

    Interior Features

    Basement Partial Foundation Size 11000.00 Heating Forced Air - Gas Water Heater Gas Natural

    Property Features

    Annual Income 88200.00 Current Use ResidenceRetail Insurance 2000.00 Janitorial 400.00 Management 4410.00 Net Operating Income 60719.00 Repair Maintenance 3000.00 Sewer Public Sewer Sub Type Income Tax Expense 17271.00 Tax Year 2017 Taxes 17271.39 Terms CashConventional Total Expense 27481.00 Total Other Expense 400.00 Township Tax Authority Lansing City Type Two Story Water Public Zoning Commercial

    Listing provided courtesy of Shelby And Kelly Miller of Berkshire Hathaway Homeservices Tomie Raines.

    Listing information © 2019 Greater Lansing Association of Realtors® MLS.
    © 2019 Greater Lansing Association of Realtors® MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GLAR MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gateway to Homes @ Keller Williams Realty. Data last updated: 2019-10-14T15:45:21.277.
     
    Gateway to Homes @ Keller Williams Realty
    1300 N Waverly Rd
    Lansing MI, 48917