Back

1 of 18

2 of 18

3 of 18

4 of 18

5 of 18

6 of 18

7 of 18

8 of 18

9 of 18

10 of 18

11 of 18

12 of 18

13 of 18

14 of 18

15 of 18

16 of 18

17 of 18

18 of 18

329-337 S Washington Sq
Lansing, MI 48933 Downtown Lansing

$1,950,000 USD

Apartments For Sale • 18,700 SF

Property Details

Property Type Apartments
Total Building Size 18,700 SF
Lot Size 0.33 AC
Building Class C
Year Built 1887
Cap Rate 8.59 %
Zoning Commercial

56 Transit Score

80 Walk Score

                
                    Highlights
                
                                3 location/longterm lease anchor tenant
                            
                                Hard corner visibility on S. Washington Square
                            
                                2,800 SF of unrented basement storage space
                            
                                Updated HVAC and roof coating

Financial Summary (Actual)

Net Operating Income: $167,582 USD (2025)

Cap Rate:	8.59 %
Total Expenses:	$102,418 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Kga Inc
Strange Matter Coffee		10/24/2023
Subway

Amenities

Air Conditioning
Controlled Access
Dishwasher
Microwave
Washer/Dryer
Heating
Recycling
Smoke Free
Kitchen
Refrigerator
Oven
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	3.8 mi
Airport	Drive	Walk	Distance
Capital Region International	11 min	-	5.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	No

Cameron Hansson 248-686-4166 New Era Real Estate

329-337 S Washington Sq Lansing, MI 48933 Downtown Lansing