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408 Ann St
East Lansing, MI 48823 Grand River

$1,300,000 USD

Apartments For Sale  •  4,587 SF

Property Details

• Property Type Apartments
• Total Building Size 4,587 SF
• Lot Size 0.14 AC
• Building Class C
• Year Built 1940
• Zoning RM32

60 Transit Score

70 Walk Score

Highlights

Prime MSU Location 3 blocks from campus, unmatched walkability for grad students

100% Occupied — Every school year for 8 consecutive years

Double the Income Licensed for 22 beds, currently operating at 11

Parking Revenue Onsite parking as an untapped additional income stream

Turnkey Asset — 4,808 SF, stable rent roll, no repositioning needed

Property Flyers

OM Ann St 5.13.2026

Amenities

• Laundry Facilities
• Heating
• Kitchen
• Range
• Shuttle To Campus
• Walk To Campus
• Key Fob Entry
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.1 mi
Airport	Drive	Walk	Distance
Capital Region International	16 min	-	7.2 mi

Parking Details

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