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

$1,950,000 USD

Storefront For Sale  •  18,700 SF

Property Details

  • Property Type Storefront
  • Total Building Size 18,700 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1887
  • Cap Rate 8.59 %
  • Tenancy Single
  • Zoning C
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

Property Flyers

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

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.8 mi
AirportDriveWalkDistance
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
Cameron Hansson 248-686-4166 New Era Real Estate